Colony Credit Real Estate Inc (NYSE:CLNC) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,380,000 shares, a drop of 17.9% from the January 15th total of 1,680,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 523,200 shares, the days-to-cover ratio is presently 2.6 days.

A number of equities analysts have issued reports on CLNC shares. Raymond James reduced their price target on shares of Colony Credit Real Estate from $18.50 to $16.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Zacks Investment Research raised shares of Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 22nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its stake in Colony Credit Real Estate by 5.9% in the 4th quarter. UBS Group AG now owns 2,515,949 shares of the company’s stock valued at $33,109,000 after acquiring an additional 141,292 shares during the period. FMR LLC grew its stake in Colony Credit Real Estate by 19.1% in the 4th quarter. FMR LLC now owns 2,184,225 shares of the company’s stock valued at $28,744,000 after acquiring an additional 350,600 shares during the period. State Street Corp grew its stake in Colony Credit Real Estate by 2.2% in the 4th quarter. State Street Corp now owns 1,738,724 shares of the company’s stock valued at $23,055,000 after acquiring an additional 38,159 shares during the period. Prudential Financial Inc. grew its stake in Colony Credit Real Estate by 93.9% in the 4th quarter. Prudential Financial Inc. now owns 1,090,524 shares of the company’s stock valued at $14,352,000 after acquiring an additional 528,151 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Colony Credit Real Estate by 0.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 555,082 shares of the company’s stock valued at $7,305,000 after acquiring an additional 3,365 shares during the period. 27.45% of the stock is owned by institutional investors.

CLNC traded down $0.05 during trading on Friday, reaching $13.22. 285,800 shares of the company’s stock were exchanged, compared to its average volume of 433,439. Colony Credit Real Estate has a 1 year low of $11.18 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market capitalization of $1.71 billion, a P/E ratio of -2.94 and a beta of 0.58. The company’s fifty day simple moving average is $13.14 and its 200-day simple moving average is $13.62.

The firm also recently declared a monthly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date was Thursday, January 30th. Colony Credit Real Estate’s dividend payout ratio is presently 171.43%.

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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