Sei Investments Co. Grows Holdings in Colony Credit Real Estate Inc (CLNC)

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Sei Investments Co. grew its stake in Colony Credit Real Estate Inc (NYSE:CLNC) by 134.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 21,714 shares of the company’s stock after buying an additional 12,451 shares during the quarter. Sei Investments Co.’s holdings in Colony Credit Real Estate were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at $101,000. Financial Advocates Investment Management purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at $261,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at $679,000. Athanor Capital LP purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at $6,024,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at $1,058,000. 17.37% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.

Shares of Colony Credit Real Estate stock opened at $21.67 on Friday. Colony Credit Real Estate Inc has a 52-week low of $17.66 and a 52-week high of $22.00. The company has a quick ratio of 6.73, a current ratio of 6.73 and a debt-to-equity ratio of 0.29.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). The firm had revenue of $30.13 million for the quarter, compared to the consensus estimate of $135.80 million. sell-side analysts predict that Colony Credit Real Estate Inc will post 1.47 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 31st were paid a $0.145 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.03%.

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.

See Also: Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding CLNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colony Credit Real Estate Inc (NYSE:CLNC).

Institutional Ownership by Quarter for Colony Credit Real Estate (NYSE:CLNC)

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