Colony Credit Real Estate Inc (CLNC) Short Interest Update

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Colony Credit Real Estate Inc (NYSE:CLNC) was the target of a significant growth in short interest during the month of March. As of March 29th, there was short interest totalling 2,742,927 shares, a growth of 72.2% from the March 15th total of 1,592,805 shares. Based on an average daily volume of 272,040 shares, the short-interest ratio is presently 10.1 days. Currently, 3.3% of the company’s stock are sold short.

Shares of CLNC stock opened at $15.56 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.51. Colony Credit Real Estate has a one year low of $15.32 and a one year high of $23.23. The stock has a market cap of $2.03 billion, a PE ratio of 22.23 and a beta of 0.50.

The business also recently declared a monthly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.74 annualized dividend and a dividend yield of 11.18%. Colony Credit Real Estate’s payout ratio is 248.57%.

Several equities analysts have recently commented on the stock. Raymond James reduced their price target on shares of Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 6th. Zacks Investment Research raised shares of Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.

Several hedge funds have recently modified their holdings of CLNC. Vanguard Group Inc. lifted 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 purchasing an additional 1,199,728 shares during the last quarter. Vanguard Group Inc lifted 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 purchasing an additional 1,199,728 shares during the last quarter. BlackRock Inc. lifted 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 purchasing an additional 941,152 shares during the last quarter. FMR LLC lifted its position in shares of Colony Credit Real Estate by 48.4% during the fourth quarter. FMR LLC now owns 1,353,073 shares of the company’s stock worth $21,365,000 after purchasing an additional 441,450 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Colony Credit Real Estate by 2,191.2% during the second quarter. Bank of New York Mellon Corp now owns 298,155 shares of the company’s stock worth $6,181,000 after purchasing an additional 285,142 shares during the last quarter. 23.93% of the stock is currently owned by institutional investors and hedge funds.

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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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