Strs Ohio acquired a new position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,600 shares of the company’s stock, valued at approximately $509,000.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in Colony Credit Real Estate in the first quarter valued at $101,000. Brookstone Capital Management acquired a new stake in Colony Credit Real Estate in the second quarter valued at $227,000. Sei Investments Co. acquired a new stake in Colony Credit Real Estate in the first quarter valued at $176,000. Financial Advocates Investment Management acquired a new stake in Colony Credit Real Estate in the first quarter valued at $261,000. Finally, Centaurus Financial Inc. acquired a new stake in Colony Credit Real Estate in the first quarter valued at $2,413,000. 17.38% of the stock is currently owned by hedge funds and other institutional investors.

Colony Credit Real Estate stock opened at $20.33 on Friday. The company has a current ratio of 6.73, a quick ratio of 6.73 and a debt-to-equity ratio of 0.29. Colony Credit Real Estate Inc has a fifty-two week low of $17.66 and a fifty-two week high of $22.00.

Colony Credit Real Estate (NYSE:CLNC) last posted its earnings results on Tuesday, August 7th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.10). The business had revenue of $30.13 million during the quarter, compared to the consensus estimate of $135.80 million. analysts anticipate that Colony Credit Real Estate Inc will post 1.47 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 31st will be issued a $0.145 dividend. This represents a $1.74 annualized dividend and a yield of 8.56%. The ex-dividend date is Thursday, August 30th.

Separately, Zacks Investment Research raised Colony Credit Real Estate from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, May 28th.

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

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