Capital Wealth Management LLC lessened its stake in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,510 shares of the company’s stock after selling 3,691 shares during the quarter. Colony Credit Real Estate comprises 5.5% of Capital Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Capital Wealth Management LLC owned about 0.23% of Colony Credit Real Estate worth $6,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CLNC. Wells Fargo & Company MN purchased a new position in shares of Colony Credit Real Estate in the first quarter valued at $101,000. UBS Group AG purchased a new position in shares of Colony Credit Real Estate in the first quarter valued at $154,000. Millennium Management LLC purchased a new position in shares of Colony Credit Real Estate in the first quarter valued at $6,834,000. Royal Bank of Canada purchased a new position in shares of Colony Credit Real Estate in the first quarter valued at $293,000. Finally, Concorde Asset Management LLC purchased a new position in shares of Colony Credit Real Estate in the second quarter valued at $307,000. 17.17% of the stock is currently owned by institutional investors.

CLNC opened at $19.79 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.73 and a quick ratio of 6.73. Colony Credit Real Estate Inc has a 52 week low of $17.66 and a 52 week high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $29.96 million during the quarter, compared to analyst estimates of $126.10 million. On average, equities analysts forecast that Colony Credit Real Estate Inc will post 1.47 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be paid a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Thursday, November 29th.

Separately, Zacks Investment Research raised Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research note on Monday, October 15th.

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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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