Colony Credit Real Estate (NYSE:CLNC) Trading Up 5.7%

Colony Credit Real Estate Inc (NYSE:CLNC) shares were up 5.7% during trading on Thursday . The company traded as high as $5.20 and last traded at $5.19. Approximately 515,250 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 687,270 shares. The stock had previously closed at $4.91.

A number of analysts have commented on CLNC shares. ValuEngine cut Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research report on Friday, September 11th. Zacks Investment Research cut Colony Credit Real Estate from a “buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Raymond James restated a “hold” rating on shares of Colony Credit Real Estate in a research report on Thursday, August 20th.

The stock has a market cap of $667.35 million, a P/E ratio of -1.00 and a beta of 1.59. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $5.69 and a two-hundred day moving average price of $5.51.

Colony Credit Real Estate (NYSE:CLNC) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Colony Credit Real Estate had a positive return on equity of 0.75% and a negative net margin of 600.37%. On average, research analysts forecast that Colony Credit Real Estate Inc will post 0.61 earnings per share for the current year.

In other Colony Credit Real Estate news, General Counsel David A. Palame acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average price of $4.70 per share, with a total value of $47,000.00. Following the completion of the purchase, the general counsel now directly owns 84,395 shares in the company, valued at approximately $396,656.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its stake in Colony Credit Real Estate by 1.3% during the first quarter. Swiss National Bank now owns 162,000 shares of the company’s stock valued at $638,000 after buying an additional 2,000 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Colony Credit Real Estate by 8.5% during the first quarter. Guggenheim Capital LLC now owns 27,244 shares of the company’s stock valued at $107,000 after buying an additional 2,127 shares during the last quarter. Western Wealth Management LLC boosted its stake in Colony Credit Real Estate by 24.6% during the second quarter. Western Wealth Management LLC now owns 15,567 shares of the company’s stock valued at $109,000 after buying an additional 3,075 shares during the last quarter. American International Group Inc. boosted its stake in Colony Credit Real Estate by 7.4% during the second quarter. American International Group Inc. now owns 51,419 shares of the company’s stock valued at $361,000 after buying an additional 3,521 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Colony Credit Real Estate by 7.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,011 shares of the company’s stock valued at $393,000 after buying an additional 3,714 shares during the last quarter. 32.08% of the stock is owned by institutional investors.

About Colony Credit Real Estate (NYSE:CLNC)

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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