Colony Credit Real Estate Inc (NYSE:CLNC) Short Interest Update

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Colony Credit Real Estate Inc (NYSE:CLNC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,841,000 shares, a growth of 33.9% from the May 30th total of 1,375,100 shares. Based on an average daily volume of 275,500 shares, the short-interest ratio is currently 6.7 days. Approximately 4.8% of the shares of the stock are sold short.

Several brokerages have recently commented on CLNC. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. B. Riley set a $2.00 price objective on shares of Dynagas LNG Partners and gave the company a “hold” rating in a research report on Thursday, June 6th.

Shares of CLNC stock traded up $0.16 on Friday, hitting $15.77. 223,090 shares of the stock traded hands, compared to its average volume of 321,978. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 22.53 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 business has a 50 day moving average price of $15.55. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.51.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.19). The firm had revenue of $21.96 million for the quarter, compared to the consensus estimate of $160.30 million. Colony Credit Real Estate had a negative net margin of 138.90% and a positive return on equity of 1.80%. Analysts forecast that Colony Credit Real Estate will post 1.24 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.74 annualized dividend and a yield of 11.03%. Colony Credit Real Estate’s payout ratio is 248.57%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its stake in Colony Credit Real Estate by 628.3% during the 4th quarter. California Public Employees Retirement System now owns 115,915 shares of the company’s stock valued at $1,830,000 after purchasing an additional 100,000 shares during the last quarter. BlackRock Inc. lifted its position in shares of Colony Credit Real Estate by 11.6% during the 4th quarter. BlackRock Inc. now owns 5,590,192 shares of the company’s stock worth $88,268,000 after buying an additional 579,041 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Colony Credit Real Estate by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 352,303 shares of the company’s stock worth $5,562,000 after buying an additional 5,146 shares in the last quarter. Northern Trust Corp lifted its position in shares of Colony Credit Real Estate by 1.1% during the 4th quarter. Northern Trust Corp now owns 987,424 shares of the company’s stock worth $15,592,000 after buying an additional 10,668 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Colony Credit Real Estate by 115.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,154 shares of the company’s stock worth $124,000 after buying an additional 4,375 shares in the last quarter. 26.06% of the stock is owned by institutional investors.

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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