Colony Credit Real Estate Inc (NYSE:CLNC) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.145 per share on Friday, May 10th. This represents a $1.74 annualized dividend and a yield of 11.25%. The ex-dividend date is Monday, April 29th.
Colony Credit Real Estate stock opened at $15.46 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 22.09 and a beta of 0.50. Colony Credit Real Estate has a fifty-two week low of $15.32 and a fifty-two week high of $23.23.
A hedge fund recently bought a new stake in Colony Credit Real Estate stock. Dimensional Fund Advisors LP purchased a new position in Colony Credit Real Estate Inc (NYSE:CLNC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,417 shares of the company’s stock, valued at approximately $307,000. Hedge funds and other institutional investors own 23.93% of the company’s stock.
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.
Featured Article: Reverse Stock Split
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.