Wall Street brokerages expect Colony Credit Real Estate Inc (NYSE:CLNC) to report earnings per share of $0.32 for the current quarter, Zacks reports. Two analysts have provided estimates for Colony Credit Real Estate’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.37. Colony Credit Real Estate reported earnings per share of $0.31 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Colony Credit Real Estate will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.27. For the next year, analysts forecast that the business will post earnings of $1.80 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Colony Credit Real Estate.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.19). The company had revenue of $21.96 million for the quarter, compared to analyst estimates 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%.

A number of research analysts have recently commented on the stock. B. Riley assumed coverage on shares of Colony Credit Real Estate in a research report on Thursday, June 6th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research lowered shares of Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Finally, Raymond James cut their price objective on shares of Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, March 6th.

Several institutional investors and hedge funds have recently made changes to their positions in CLNC. BlackRock Inc. raised its position in Colony Credit Real Estate by 11.6% in the fourth quarter. BlackRock Inc. now owns 5,590,192 shares of the company’s stock worth $88,268,000 after purchasing an additional 579,041 shares in the last quarter. FMR LLC raised its position in Colony Credit Real Estate by 48.4% in 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 in the last quarter. Weiss Asset Management LP acquired a new position in Colony Credit Real Estate in the first quarter worth about $2,875,000. California Public Employees Retirement System raised its position in Colony Credit Real Estate by 628.3% in the fourth quarter. California Public Employees Retirement System now owns 115,915 shares of the company’s stock worth $1,830,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Colony Credit Real Estate by 10.3% in the first quarter. Geode Capital Management LLC now owns 997,620 shares of the company’s stock worth $15,622,000 after purchasing an additional 93,303 shares in the last quarter. 26.08% of the stock is owned by institutional investors and hedge funds.

Shares of CLNC opened at $15.33 on Wednesday. The stock has a market cap of $1.98 billion, a PE ratio of 21.90 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.69 and a quick ratio of 4.69. Colony Credit Real Estate has a 52 week low of $15.15 and a 52 week high of $23.23.

The business also recently disclosed a monthly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 31st were given a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend was Thursday, May 30th. Colony Credit Real Estate’s dividend payout ratio is currently 248.57%.

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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Earnings History and Estimates for Colony Credit Real Estate (NYSE:CLNC)

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