Colony Credit Real Estate (NYSE:CLNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The brokerage currently has a $10.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 16.69% from the company’s current price.

According to Zacks, “Colony Credit Real Estate Inc. is a commercial real estate credit REIT. It focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. Colony Credit Real Estate Inc., formerly known as Colony NorthStar Credit Real Estate Inc., is based in Los Angeles, United States. “

A number of other equities research analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Colony Credit Real Estate in a research report on Monday, April 19th. BTIG Research initiated coverage on shares of Colony Credit Real Estate in a research report on Tuesday, February 2nd. They issued a “neutral” rating for the company. Finally, Raymond James reissued a “hold” rating on shares of Colony Credit Real Estate in a research report on Tuesday, April 6th.

CLNC stock traded down $0.26 during midday trading on Tuesday, reaching $8.57. 311,892 shares of the company were exchanged, compared to its average volume of 412,370. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.37 and a quick ratio of 2.37. The business has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $7.81. Colony Credit Real Estate has a one year low of $3.47 and a one year high of $9.54. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.10 and a beta of 1.82.

Colony Credit Real Estate (NYSE:CLNC) last released its quarterly earnings data on Tuesday, February 23rd. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.35). Colony Credit Real Estate had a positive return on equity of 6.05% and a negative net margin of 232.33%. As a group, analysts anticipate that Colony Credit Real Estate will post 0.73 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CLNC. Van ECK Associates Corp lifted its position in Colony Credit Real Estate by 18.7% during the third quarter. Van ECK Associates Corp now owns 525,160 shares of the company’s stock worth $2,579,000 after purchasing an additional 82,655 shares during the period. Sei Investments Co. lifted its position in Colony Credit Real Estate by 37.0% during the third quarter. Sei Investments Co. now owns 62,571 shares of the company’s stock worth $292,000 after purchasing an additional 16,888 shares during the period. Virtu Financial LLC bought a new stake in Colony Credit Real Estate during the third quarter worth about $65,000. Selective Wealth Management Inc. raised its stake in Colony Credit Real Estate by 17.6% during the fourth quarter. Selective Wealth Management Inc. now owns 39,539 shares of the company’s stock worth $297,000 after acquiring an additional 5,904 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Colony Credit Real Estate by 9.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 66,192 shares of the company’s stock worth $496,000 after acquiring an additional 5,710 shares in the last quarter. 32.29% of the stock is owned by institutional investors and hedge funds.

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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