Thrivent Financial for Lutherans Takes $287,000 Position in Colony Credit Real Estate Inc (NYSE:CLNC)

Thrivent Financial for Lutherans bought a new position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,938 shares of the company’s stock, valued at approximately $287,000.

A number of other large investors have also modified their holdings of the business. Csenge Advisory Group purchased a new stake in Colony Credit Real Estate in the 1st quarter valued at about $42,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Colony Credit Real Estate in the first quarter worth approximately $45,000. Kathmere Capital Management LLC acquired a new stake in shares of Colony Credit Real Estate in the first quarter worth approximately $56,000. Great West Life Assurance Co. Can purchased a new stake in Colony Credit Real Estate in the fourth quarter valued at approximately $64,000. Finally, Perennial Investment Advisors LLC increased its holdings in shares of Colony Credit Real Estate by 76.4% during the 1st quarter. Perennial Investment Advisors LLC now owns 17,835 shares of the company’s stock worth $70,000 after buying an additional 7,727 shares during the last quarter. 28.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CLNC. Raymond James cut shares of Colony Credit Real Estate from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th. B. Riley lowered their target price on shares of Colony Credit Real Estate from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. ValuEngine upgraded Colony Credit Real Estate from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Investment Research cut shares of Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research report on Monday, June 22nd.

Shares of Colony Credit Real Estate stock opened at $6.89 on Wednesday. Colony Credit Real Estate Inc has a 52 week low of $2.46 and a 52 week high of $16.36. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.06. The stock has a market cap of $885.29 million, a PE ratio of 45.93 and a beta of 1.73. The company’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $8.71.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.20). The business had revenue of $27.86 million during the quarter. Colony Credit Real Estate had a positive return on equity of 0.76% and a negative net margin of 490.65%. On average, equities analysts predict that Colony Credit Real Estate Inc will post 0.58 EPS for the current fiscal year.

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

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