237,972 Shares in Colony Northstar Credit Real Estate Inc (CLNC) Purchased by Commonwealth Equity Services LLC

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Commonwealth Equity Services LLC acquired a new position in Colony Northstar Credit Real Estate Inc (NYSE:CLNC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 237,972 shares of the company’s stock, valued at approximately $4,509,000. Commonwealth Equity Services LLC owned 0.19% of Colony Northstar Credit Real Estate at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new stake in shares of Colony Northstar Credit Real Estate in the first quarter worth about $101,000. Sei Investments Co. bought a new stake in shares of Colony Northstar Credit Real Estate in the first quarter worth about $176,000. Financial Advocates Investment Management bought a new stake in shares of Colony Northstar Credit Real Estate in the first quarter worth about $261,000. PNC Financial Services Group Inc. bought a new stake in shares of Colony Northstar Credit Real Estate in the first quarter worth about $276,000. Finally, Citadel Advisors LLC bought a new stake in shares of Colony Northstar Credit Real Estate in the first quarter worth about $510,000. Hedge funds and other institutional investors own 9.86% of the company’s stock.

Colony Northstar Credit Real Estate opened at $19.75 on Friday, Marketbeat Ratings reports. The company has a current ratio of 6.45, a quick ratio of 6.45 and a debt-to-equity ratio of 0.24. Colony Northstar Credit Real Estate Inc has a fifty-two week low of $17.66 and a fifty-two week high of $22.00.

Colony Northstar Credit Real Estate (NYSE:CLNC) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $30.31 million during the quarter, compared to the consensus estimate of $141.90 million. equities research analysts expect that Colony Northstar Credit Real Estate Inc will post 1.77 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Friday, June 29th will be given a $0.145 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.81%.

Several research firms recently issued reports on CLNC. Zacks Investment Research raised Colony Northstar Credit Real Estate from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, May 28th. Raymond James assumed coverage on Colony Northstar Credit Real Estate in a research report on Tuesday, March 27th. They set an “outperform” rating and a $22.00 price objective on the stock.

Colony Northstar Credit Real Estate Company Profile

Colony NorthStar 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.

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

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