First Allied Advisory Services Inc. increased its stake in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,229 shares of the company’s stock after purchasing an additional 2,147 shares during the period. First Allied Advisory Services Inc.’s holdings in Colony Credit Real Estate were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CLNC. Aspire Private Capital LLC acquired a new position in Colony Credit Real Estate in the fourth quarter valued at about $31,000. Resources Investment Advisors Inc. acquired a new position in Colony Credit Real Estate in the fourth quarter valued at about $34,000. Ironwood Financial llc grew its stake in Colony Credit Real Estate by 150.9% in the fourth quarter. Ironwood Financial llc now owns 2,923 shares of the company’s stock valued at $46,000 after acquiring an additional 1,758 shares during the period. Lake Point Wealth Management acquired a new position in Colony Credit Real Estate in the fourth quarter valued at about $57,000. Finally, Clarus Wealth Advisors acquired a new position in Colony Credit Real Estate in the fourth quarter valued at about $59,000. 23.72% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on CLNC. Zacks Investment Research cut Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Raymond James decreased their target price on Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, March 6th.

NYSE:CLNC opened at $15.97 on Friday. Colony Credit Real Estate Inc has a 1 year low of $15.15 and a 1 year high of $23.23. The company has a quick ratio of 4.91, a current ratio of 4.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 38.88 and a beta of 0.49.

Colony Credit Real Estate (NYSE:CLNC) last posted its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Colony Credit Real Estate had a negative net margin of 138.90% and a positive return on equity of 1.80%. The business had revenue of $21.96 million during the quarter, compared to analyst estimates of $160.30 million. As a group, equities research analysts anticipate that Colony Credit Real Estate Inc will post 1.27 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 31st will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 10.90%. 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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