Highland Capital Management LP Acquires Shares of 12,581 Colony Credit Real Estate Inc (CLNC)

Highland Capital Management LP purchased a new position in Colony Credit Real Estate Inc (NYSE:CLNC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,581 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors have also bought and sold shares of CLNC. Wells Fargo & Company MN purchased a new position in Colony Credit Real Estate during the 1st quarter worth approximately $101,000. Flagship Harbor Advisors LLC purchased a new position in Colony Credit Real Estate during the 2nd quarter worth approximately $119,000. UBS Group AG purchased a new position in Colony Credit Real Estate during the 1st quarter worth approximately $154,000. Sei Investments Co. purchased a new position in Colony Credit Real Estate during the 1st quarter worth approximately $176,000. Finally, Acadian Asset Management LLC purchased a new position in Colony Credit Real Estate during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 17.41% of the company’s stock.

Shares of Colony Credit Real Estate stock traded down $0.16 on Friday, hitting $20.84. 214,555 shares of the company traded hands, compared to its average volume of 501,035. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.73 and a current ratio of 6.73. Colony Credit Real Estate Inc has a 12-month low of $17.66 and a 12-month high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.10). The firm had revenue of $30.13 million for the quarter, compared to analyst estimates of $135.80 million. On average, analysts forecast that Colony Credit Real Estate Inc will post 1.47 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.145 per share. This represents a $1.74 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Thursday, September 27th.

Separately, Zacks Investment Research cut shares of Colony Credit Real Estate from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th.

Colony Credit Real Estate 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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