Colony Credit Real Estate Inc (NYSE:CLNC) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.145 per share on Wednesday, July 10th. This represents a $1.74 annualized dividend and a yield of 11.22%. The ex-dividend date is Thursday, June 27th.
Shares of CLNC stock opened at $15.51 on Tuesday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 22.16 and a beta of 0.41. The company has a fifty day moving average price of $15.65. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.51. Colony Credit Real Estate has a twelve month low of $15.15 and a twelve month high of $23.23.
Colony Credit Real Estate (NYSE:CLNC) last announced its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the 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 negative net margin of 138.90% and a positive return on equity of 1.80%. As a group, research analysts forecast that Colony Credit Real Estate will post 1.24 EPS for the current fiscal year.
CLNC has been the subject of several analyst reports. Raymond James decreased their target price on shares of 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. Zacks Investment Research downgraded shares of Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Finally, B. Riley initiated coverage on shares of Colony Credit Real Estate in a research note on Thursday, June 6th. They issued a “buy” rating and a $20.00 target price for the company.
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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