Cambridge Investment Research Advisors Inc. Has $8.73 Million Holdings in Colony Credit Real Estate Inc (CLNC)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 557,406 shares of the company’s stock after acquiring an additional 61,727 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Colony Credit Real Estate were worth $8,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CLNC. Foresight Wealth Management LLC raised its stake in Colony Credit Real Estate by 62.1% in the first quarter. Foresight Wealth Management LLC now owns 78,670 shares of the company’s stock worth $1,232,000 after buying an additional 30,131 shares in the last quarter. Cetera Investment Advisers raised its stake in Colony Credit Real Estate by 2.6% in the first quarter. Cetera Investment Advisers now owns 139,997 shares of the company’s stock worth $2,192,000 after buying an additional 3,561 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in Colony Credit Real Estate by 2.4% in the first quarter. First Allied Advisory Services Inc. now owns 90,229 shares of the company’s stock worth $1,411,000 after buying an additional 2,147 shares in the last quarter. SG Americas Securities LLC raised its stake in Colony Credit Real Estate by 141.0% in the first quarter. SG Americas Securities LLC now owns 17,443 shares of the company’s stock worth $273,000 after buying an additional 10,205 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Colony Credit Real Estate by 289.3% in the first quarter. BNP Paribas Arbitrage SA now owns 19,400 shares of the company’s stock worth $304,000 after buying an additional 14,417 shares in the last quarter. 25.45% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CLNC. Zacks Investment Research downgraded shares of Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Raymond James decreased their price target on shares of Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, March 6th.

CLNC stock opened at $15.65 on Friday. Colony Credit Real Estate Inc has a 1 year low of $15.15 and a 1 year high of $23.23. The stock has a market capitalization of $2.02 billion, a P/E ratio of 22.36 and a beta of 0.49. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.51.

Colony Credit Real Estate (NYSE:CLNC) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) 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 the consensus estimate 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%. On average, equities analysts anticipate that Colony Credit Real Estate Inc will post 1.27 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 31st will be issued a $0.145 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend is Thursday, May 30th. Colony Credit Real Estate’s dividend payout ratio (DPR) is presently 248.57%.

ILLEGAL ACTIVITY NOTICE: This news story was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.thestockobserver.com/2019/05/24/cambridge-investment-research-advisors-inc-has-8-73-million-holdings-in-colony-credit-real-estate-inc-clnc.html.

Colony Credit Real Estate 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.

Recommended Story: How to find the components of the quick ratio

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)

Receive News & Ratings for Colony Credit Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Credit Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.