Colony Credit Real Estate Inc (CLNC) Announces $0.15 Monthly Dividend

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Colony Credit Real Estate Inc (NYSE:CLNC) declared a monthly dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Friday, May 31st will be paid a dividend of 0.145 per share on Monday, June 10th. This represents a $1.74 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date is Thursday, May 30th.

Shares of CLNC stock opened at $15.42 on Friday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 22.03 and a beta of 0.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.51. Colony Credit Real Estate has a 1 year low of $15.15 and a 1 year high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last issued its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.19). The firm had revenue of $21.96 million during the quarter, compared to analysts’ expectations of $160.30 million. Colony Credit Real Estate had a positive return on equity of 2.81% and a negative net margin of 90.89%. Analysts forecast that Colony Credit Real Estate will post 1.69 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Colony Credit Real Estate stock. Dimensional Fund Advisors LP bought a new position in Colony Credit Real Estate Inc (NYSE:CLNC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,417 shares of the company’s stock, valued at approximately $307,000. 23.94% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on CLNC shares. Zacks Investment Research upgraded Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Raymond James reduced 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.

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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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Dividend History for Colony Credit Real Estate (NYSE:CLNC)

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