Colony Credit Real Estate Inc Plans Monthly Dividend of $0.15 (CLNC)

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Colony Credit Real Estate Inc (NYSE:CLNC) declared a monthly dividend on Wednesday, November 7th, Wall Street Journal reports. Investors of record on Friday, November 30th will be given a dividend of 0.145 per share on Monday, December 10th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend is Thursday, November 29th.

Shares of Colony Credit Real Estate stock traded down $0.05 during midday trading on Wednesday, reaching $19.92. The company had a trading volume of 274,501 shares, compared to its average volume of 476,168. The company has a quick ratio of 6.73, a current ratio of 6.73 and a debt-to-equity ratio of 0.29. Colony Credit Real Estate has a fifty-two week low of $17.66 and a fifty-two week high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). The company had revenue of $29.96 million during the quarter, compared to the consensus estimate of $126.10 million. On average, equities research analysts forecast that Colony Credit Real Estate will post 1.47 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.

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About Colony Credit Real Estate

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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Dividend History for Colony Credit Real Estate (NYSE:CLNC)

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