Colony Credit Real Estate Inc (NYSE:CLNC) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus target price of $23.00 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Colony Credit Real Estate an industry rank of 225 out of 256 based on the ratings given to related companies.

CLNC has been the subject of several recent analyst reports. Zacks Investment Research raised Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Raymond James cut their target price on Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of Colony Credit Real Estate by 20.5% during the third quarter. Vanguard Group Inc now owns 7,039,247 shares of the company’s stock worth $154,793,000 after buying an additional 1,199,728 shares during the period. Vanguard Group Inc. boosted its position in shares of Colony Credit Real Estate by 20.5% during the third quarter. Vanguard Group Inc. now owns 7,039,247 shares of the company’s stock worth $154,793,000 after buying an additional 1,199,728 shares during the period. BlackRock Inc. boosted its position in shares of Colony Credit Real Estate by 23.1% during the third quarter. BlackRock Inc. now owns 5,011,151 shares of the company’s stock worth $110,196,000 after buying an additional 941,152 shares during the period. FMR LLC boosted its position in shares of Colony Credit Real Estate by 49.8% during the second quarter. FMR LLC now owns 1,054,471 shares of the company’s stock worth $21,859,000 after buying an additional 350,731 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Colony Credit Real Estate by 0.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 567,778 shares of the company’s stock worth $12,485,000 after buying an additional 4,244 shares during the period. 22.25% of the stock is owned by institutional investors.

NYSE:CLNC opened at $15.88 on Friday. Colony Credit Real Estate has a one year low of $15.39 and a one year high of $23.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.48 and a current ratio of 4.48.

Colony Credit Real Estate (NYSE:CLNC) last posted its earnings results on Tuesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $29.96 million for the quarter, compared to analyst estimates of $126.10 million. Colony Credit Real Estate had a return on equity of 5.75% and a net margin of 12.88%. On average, sell-side analysts anticipate that Colony Credit Real Estate will post 1.39 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Monday, February 11th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.145 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.74 annualized dividend and a yield of 10.96%.

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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