Centaurus Financial Inc. boosted its holdings in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 288.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 494,687 shares of the company’s stock after purchasing an additional 367,363 shares during the period. Colony Credit Real Estate makes up 1.4% of Centaurus Financial Inc.’s investment portfolio, making the stock its 6th largest holding. Centaurus Financial Inc.’s holdings in Colony Credit Real Estate were worth $10,255,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CLNC. Wells Fargo & Company MN acquired a new stake in shares of Colony Credit Real Estate in the 1st quarter worth $101,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Colony Credit Real Estate in the 2nd quarter worth $119,000. AdvisorNet Financial Inc lifted its stake in shares of Colony Credit Real Estate by 266.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 11,149 shares of the company’s stock worth $231,000 after acquiring an additional 8,110 shares during the period. UBS Group AG acquired a new stake in shares of Colony Credit Real Estate in the 1st quarter worth $154,000. Finally, Lucia Wealth Services LLC lifted its stake in shares of Colony Credit Real Estate by 390.8% in the 2nd quarter. Lucia Wealth Services LLC now owns 10,533 shares of the company’s stock worth $218,000 after acquiring an additional 8,387 shares during the period. 17.37% of the stock is currently owned by institutional investors.

Shares of NYSE CLNC opened at $21.24 on Thursday. The company has a current ratio of 6.73, a quick ratio of 6.73 and a debt-to-equity ratio of 0.29. Colony Credit Real Estate Inc has a 52 week low of $17.66 and a 52 week high of $22.00.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.10). The company had revenue of $30.13 million for the quarter, compared to analysts’ expectations of $135.80 million. sell-side analysts predict that Colony Credit Real Estate Inc will post 1.47 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 31st were paid a $0.145 dividend. This represents a $1.74 annualized dividend and a dividend yield of 8.19%. The ex-dividend date was Thursday, August 30th.

Separately, Zacks Investment Research cut shares of Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.

About Colony Credit Real Estate

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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