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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony NorthStar Credit Real Estate, Inc. and changed its name to Colony Credit Real Estate, Inc. in June 2018. Colony Credit Real Estate, Inc. was founded in 2017 and is based in Los Angeles, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:CLNC
Previous Symbol
CUSIPN/A
Phone310-282-8820
Debt
Debt-to-Equity Ratio0.36
Current Ratio4.48
Quick Ratio6.73
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$164.75 million
Price / Sales14.19
Cash FlowN/A
Price / CashN/A
Book Value$24.05 per share
Price / Book0.77
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$127.19 million
Net Margins12.88%
Return on Equity5.75%
Return on Assets2.32%
Miscellaneous
Employees575
Outstanding Shares126,900,000
Market Cap$2.48 billion
OptionableNot Optionable
Colony Credit Real Estate (NYSE:CLNC) Frequently Asked Questions
What is Colony Credit Real Estate's stock symbol?
Colony Credit Real Estate trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLNC."
How often does Colony Credit Real Estate pay dividends? What is the dividend yield for Colony Credit Real Estate?
Colony Credit Real Estate declared a monthly dividend on Wednesday, November 7th. Investors of record on Friday, November 30th will be given a dividend of $0.145 per share on Monday, December 10th. This represents a $1.74 annualized dividend and a dividend yield of 9.45%. The ex-dividend date is Thursday, November 29th. View Colony Credit Real Estate's Dividend History.
How were Colony Credit Real Estate's earnings last quarter?
Colony Credit Real Estate Inc (NYSE:CLNC) released its quarterly earnings data on Tuesday, November, 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $29.96 million for the quarter, compared to the consensus estimate of $126.10 million. Colony Credit Real Estate had a return on equity of 5.75% and a net margin of 12.88%. View Colony Credit Real Estate's Earnings History.
When is Colony Credit Real Estate's next earnings date?
What price target have analysts set for CLNC?
1 equities research analysts have issued 1 year price targets for Colony Credit Real Estate's shares. Their predictions range from $23.00 to $23.00. On average, they anticipate Colony Credit Real Estate's stock price to reach $23.00 in the next year. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Colony Credit Real Estate.
What is the consensus analysts' recommendation for Colony Credit Real Estate?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Colony Credit Real Estate in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Colony Credit Real Estate.
Has Colony Credit Real Estate been receiving favorable news coverage?
Headlines about CLNC stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Colony Credit Real Estate earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.
Are investors shorting Colony Credit Real Estate?
Colony Credit Real Estate saw a decline in short interest during the month of October. As of October 15th, there was short interest totalling 3,196,970 shares, a decline of 36.5% from the September 28th total of 5,034,094 shares. Based on an average daily trading volume, of 290,454 shares, the days-to-cover ratio is presently 11.0 days. Currently, 3.8% of the company's stock are sold short. View Colony Credit Real Estate's Current Options Chain.
Who are some of Colony Credit Real Estate's key competitors?
Some companies that are related to Colony Credit Real Estate include Federal Realty Investment Trust (FRT), Iron Mountain (IRM), Sun Communities (SUI), Equity Lifestyle Properties (ELS), Camden Property Trust (CPT), AGNC Investment (AGNC), SL Green Realty (SLG), VICI Properties (VICI), National Retail Properties (NNN), Lamar Advertising (LAMR), Vereit (VER), Macerich (MAC), Apartment Investment and Management (AIV), Kilroy Realty (KRC) and Gaming and Leisure Properties (GLPI).
Who are Colony Credit Real Estate's key executives?
Colony Credit Real Estate's management team includes the folowing people:
- Mr. Kevin P. Traenkle, CEO, Pres & Director (Age 48)
- Mr. Sujan S. Patel, CFO & Treasurer (Age 39)
- Mr. Neale W. Redington, Chief Accounting Officer (Age 51)
- Mr. David A. Palamé, Gen. Counsel (Age 41)
- Mr. Robert C. Gatenio, Managing Director (Age 40)
Who are Colony Credit Real Estate's major shareholders?
Colony Credit Real Estate's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.95%), FMR LLC (0.72%), Cambridge Investment Research Advisors Inc. (0.45%), LPL Financial LLC (0.30%), Bank of New York Mellon Corp (0.27%) and Patriot Financial Group Insurance Agency LLC (0.25%).
Which major investors are selling Colony Credit Real Estate stock?
CLNC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, HighPoint Advisor Group LLC, IFP Advisors Inc, GSA Capital Partners LLP, Commonwealth Equity Services LLC, Credit Suisse AG, Creative Planning and TIAA CREF Investment Management LLC.
Which major investors are buying Colony Credit Real Estate stock?
CLNC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Patriot Financial Group Insurance Agency LLC, Citadel Advisors LLC, LPL Financial LLC, Private Advisor Group LLC, Wells Fargo & Company MN, MetLife Investment Advisors LLC and Independent Advisor Alliance.
How do I buy shares of Colony Credit Real Estate?
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, Scottrade, Fidelity and Charles Schwab.
What is Colony Credit Real Estate's stock price today?
One share of CLNC stock can currently be purchased for approximately $18.42.
How big of a company is Colony Credit Real Estate?
Colony Credit Real Estate has a market capitalization of $2.48 billion and generates $164.75 million in revenue each year. Colony Credit Real Estate employs 575 workers across the globe.
What is Colony Credit Real Estate's official website?
How can I contact Colony Credit Real Estate?
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]
MarketBeat Community Rating for Colony Credit Real Estate (NYSE CLNC)
MarketBeat's community ratings are surveys of what our community members think about Colony Credit Real Estate and other stocks. Vote "Outperform" if you believe CLNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
