Colony Credit Real Estate (NYSE:CLNC) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Colony Credit Real Estate (NYSE:CLNC) from a sell rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Colony Credit Real Estate Inc. is a commercial real estate credit REIT. It focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. Colony Credit Real Estate Inc., formerly known as Colony NorthStar Credit Real Estate Inc., is based in Los Angeles, United States. “

A number of other research firms also recently weighed in on CLNC. Raymond James downgraded Colony Credit Real Estate from an outperform rating to a market perform rating in a report on Monday, April 13th. ValuEngine upgraded Colony Credit Real Estate from a hold rating to a buy rating in a research report on Monday, June 1st.

CLNC opened at $6.30 on Thursday. Colony Credit Real Estate has a fifty-two week low of $2.46 and a fifty-two week high of $16.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market capitalization of $809.48 million, a P/E ratio of -1.59 and a beta of 1.79. The stock has a fifty day moving average of $6.64 and a 200-day moving average of $7.68.

Colony Credit Real Estate (NYSE:CLNC) last posted its earnings results 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). Colony Credit Real Estate had a positive return on equity of 0.76% and a negative net margin of 490.65%. The firm had revenue of $27.86 million for the quarter. On average, equities research analysts predict that Colony Credit Real Estate will post 0.5 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CLNC. Csenge Advisory Group bought a new position in shares of Colony Credit Real Estate in the first quarter worth $42,000. Cornerstone Wealth Management LLC bought a new position in Colony Credit Real Estate in the first quarter valued at about $45,000. Tudor Investment Corp Et Al bought a new position in Colony Credit Real Estate in the first quarter valued at about $46,000. NJ State Employees Deferred Compensation Plan bought a new position in Colony Credit Real Estate in the first quarter valued at about $55,000. Finally, Kathmere Capital Management LLC bought a new position in Colony Credit Real Estate in the first quarter valued at about $56,000. Institutional investors own 28.20% of the company’s stock.

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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