Equities analysts predict that Colony Credit Real Estate Inc (NYSE:CLNC) will post sales of $26.45 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Colony Credit Real Estate’s earnings, with the highest sales estimate coming in at $27.30 million and the lowest estimate coming in at $25.60 million. Colony Credit Real Estate reported sales of $30.13 million during the same quarter last year, which indicates a negative year-over-year growth rate of 12.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Colony Credit Real Estate will report full year sales of $109.40 million for the current financial year, with estimates ranging from $107.70 million to $111.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $150.40 million, with estimates ranging from $144.00 million to $156.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Colony Credit Real Estate.

Colony Credit Real Estate (NYSE:CLNC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.19). The company had revenue of $21.96 million during the quarter, compared to analysts’ expectations of $160.30 million. Colony Credit Real Estate had a positive return on equity of 1.80% and a negative net margin of 138.90%.

A number of equities analysts recently weighed in on CLNC shares. B. Riley set a $2.00 price target on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

Shares of NYSE:CLNC traded up $0.12 during midday trading on Friday, reaching $15.73. The company had a trading volume of 2,742 shares, compared to its average volume of 320,187. The stock has a 50 day simple moving average of $15.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.69 and a current ratio of 4.69. The stock has a market capitalization of $2.01 billion, a PE ratio of 22.50 and a beta of 0.44. Colony Credit Real Estate has a 52-week low of $15.10 and a 52-week high of $23.23.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Sunday, June 30th were issued a dividend of $0.145 per share. This represents a $1.74 annualized dividend and a yield of 11.06%. The ex-dividend date of this dividend was Thursday, June 27th. Colony Credit Real Estate’s dividend payout ratio (DPR) is presently 248.57%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLNC. Crewe Advisors LLC purchased a new stake in Colony Credit Real Estate during the first quarter valued at about $25,000. Advisory Alpha LLC purchased a new stake in Colony Credit Real Estate during the first quarter valued at about $27,000. Aspire Private Capital LLC purchased a new stake in Colony Credit Real Estate during the fourth quarter valued at about $31,000. Resources Investment Advisors Inc. purchased a new stake in Colony Credit Real Estate during the fourth quarter valued at about $34,000. Finally, Lake Point Wealth Management purchased a new stake in Colony Credit Real Estate during the fourth quarter valued at about $57,000. 26.06% of the stock is currently owned by institutional investors and hedge funds.

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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