NYSE:CLNCColony Credit Real Estate Stock Price, Forecast & News

Colony Credit Real Estate's stock was trading at $9.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLNC stock has decreased by 28.7% and is now trading at $6.52. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Colony Credit Real Estate in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Colony Credit Real Estate.

Colony Credit Real Estate is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Colony Credit Real Estate.

Colony Credit Real Estate Inc (NYSE:CLNC) released its quarterly earnings data on Thursday, May, 7th. The company reported $0.09 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.20. The business had revenue of $27.86 million for the quarter. Colony Credit Real Estate had a negative net margin of 490.65% and a positive return on equity of 0.76%. View Colony Credit Real Estate's earnings history.

Colony Credit Real Estate declared a monthly dividend on Monday, March 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.10 per share on Friday, April 10th. This represents a $1.20 dividend on an annualized basis and a yield of 18.40%. The ex-dividend date of this dividend is Monday, March 30th. View Colony Credit Real Estate's dividend history.

2 equities research analysts have issued 12-month price objectives for Colony Credit Real Estate's shares. Their forecasts range from $11.00 to $16.00. On average, they expect Colony Credit Real Estate's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 107.1% from the stock's current price. View analysts' price targets for Colony Credit Real Estate.

Media coverage about CLNC stock has been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Colony Credit Real Estate earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Colony Credit Real Estate.

Some companies that are related to Colony Credit Real Estate include Rayonier (RYN), Sabra Health Care REIT (SBRA), Corporate Office Properties Trust (OFC), Keppel REIT (KREVF), Howard Hughes (HHC), New Residential Investment (NRZ), Lexington Realty Trust (LXP), National Health Investors (NHI), Great Portland Estates (GPEAF), EPR Properties (EPR), Potlatchdeltic (PCH), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Apple Hospitality REIT (APLE) and Hannon Armstrong Sustnbl Infrstr Cap (HASI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Colony Credit Real Estate investors own include ANNALY CAP MGMT/SH (NLY), Two Harbors Investment (TWO), EAGLE POINT CR/COM (ECC), New Residential Investment (NRZ), AGNC Investment (AGNC), Invesco Mortgage Capital (IVR), MGM Growth Properties (MGP), Macerich (MAC), Apple Hospitality REIT (APLE) and Ellington Financial (EFC).

Colony Credit Real Estate trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLNC."

Shares of CLNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CLNC stock can currently be purchased for approximately $6.52.

Colony Credit Real Estate has a market capitalization of $837.75 million and generates $97.68 million in revenue each year. The company earns $-414,510,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.

The official website for Colony Credit Real Estate is www.clncredit.com.

Colony Credit Real Estate's mailing address is 515 SOUTH FLOWER STREET 44TH FLOOR, LOS ANGELES CA, 90071. The company can be reached via phone at 310-282-8820 or via email at [email protected]