Colony Credit Real Estate Inc (CLNC) Holdings Reduced by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in Colony Credit Real Estate Inc (NYSE:CLNC) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,436 shares of the company’s stock after selling 12,672 shares during the quarter. Cetera Investment Advisers’ holdings in Colony Credit Real Estate were worth $2,151,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Resources Investment Advisors Inc. acquired a new stake in shares of Colony Credit Real Estate in the 4th quarter valued at about $34,000. Ironwood Financial llc raised its stake in shares of Colony Credit Real Estate by 150.9% in the 4th quarter. Ironwood Financial llc now owns 2,923 shares of the company’s stock valued at $46,000 after purchasing an additional 1,758 shares in the last quarter. Clarus Wealth Advisors acquired a new stake in shares of Colony Credit Real Estate in the 4th quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Colony Credit Real Estate by 50.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,438 shares of the company’s stock valued at $102,000 after purchasing an additional 2,159 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Colony Credit Real Estate in the 4th quarter valued at about $111,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.

Several research firms recently weighed in on CLNC. Zacks Investment Research upgraded shares of Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Raymond James dropped their price objective on shares of Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th.

CLNC opened at $15.58 on Monday. The stock has a market cap of $1.99 billion and a P/E ratio of 22.26. Colony Credit Real Estate Inc has a fifty-two week low of $15.32 and a fifty-two week high of $23.23. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.51.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 29th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.74 annualized dividend and a yield of 11.17%. Colony Credit Real Estate’s dividend payout ratio (DPR) is 248.57%.

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Colony Credit Real Estate Company Profile

Colony Credit Real Estate, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.

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Institutional Ownership by Quarter for Colony Credit Real Estate (NYSE:CLNC)

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