Great Lakes Advisors LLC Purchases Shares of 35,999 Colony Credit Real Estate Inc (CLNC)

Great Lakes Advisors LLC purchased a new position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,999 shares of the company’s stock, valued at approximately $792,000.

Other hedge funds also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new position in shares of Colony Credit Real Estate in the 2nd quarter worth approximately $2,979,000. Brookstone Capital Management acquired a new position in shares of Colony Credit Real Estate in the 2nd quarter worth approximately $227,000. California Public Employees Retirement System acquired a new position in shares of Colony Credit Real Estate in the 2nd quarter worth approximately $275,000. FMR LLC grew its stake in shares of Colony Credit Real Estate by 49.8% in the 2nd quarter. FMR LLC now owns 1,054,471 shares of the company’s stock worth $21,859,000 after purchasing an additional 350,731 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Colony Credit Real Estate in the 2nd quarter worth approximately $3,247,000. Institutional investors own 22.22% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Raymond James lowered their price objective on shares of Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 14th.

Colony Credit Real Estate stock opened at $17.08 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.48 and a current ratio of 4.48. Colony Credit Real Estate Inc has a fifty-two week low of $16.77 and a fifty-two week high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last released its earnings results on Tuesday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $29.96 million during the quarter, compared to analysts’ expectations of $126.10 million. Colony Credit Real Estate had a return on equity of 5.75% and a net margin of 12.88%. As a group, sell-side analysts predict that Colony Credit Real Estate Inc will post 1.39 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be given a $0.145 dividend. This represents a $1.74 annualized dividend and a dividend yield of 10.19%. The ex-dividend date of this dividend is Thursday, November 29th.

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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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