SG Americas Securities LLC acquired a new position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,680 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CLNC. Newtyn Management LLC purchased a new stake in Colony Credit Real Estate during the 1st quarter worth about $22,933,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Colony Credit Real Estate during the 1st quarter worth about $9,620,000. Millennium Management LLC purchased a new stake in Colony Credit Real Estate during the 1st quarter worth about $6,834,000. Athanor Capital LP purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at about $6,024,000. Finally, Capital Wealth Management LLC purchased a new stake in shares of Colony Credit Real Estate in the 2nd quarter valued at about $6,037,000. 17.41% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Colony Credit Real Estate from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th.

NYSE:CLNC opened at $21.93 on Thursday. Colony Credit Real Estate Inc has a twelve month low of $17.66 and a twelve month high of $23.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.73 and a current ratio of 6.73.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Friday, September 28th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.74 annualized dividend and a dividend yield of 7.93%.

Colony Credit Real Estate 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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