Bank of Montreal Can Has $146,000 Stake in Colony Credit Real Estate Inc (CLNC)

Bank of Montreal Can lifted its stake in Colony Credit Real Estate Inc (NYSE:CLNC) by 1,010.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,618 shares of the company’s stock after buying an additional 6,022 shares during the period. Bank of Montreal Can’s holdings in Colony Credit Real Estate were worth $146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN purchased a new position in Colony Credit Real Estate during the 1st quarter valued at about $101,000. Moneta Group Investment Advisors LLC purchased a new position in Colony Credit Real Estate during the 2nd quarter valued at about $102,000. Flagship Harbor Advisors LLC purchased a new position in Colony Credit Real Estate during the 2nd quarter valued at about $119,000. McAdam LLC purchased a new position in Colony Credit Real Estate during the 2nd quarter valued at about $149,000. Finally, UBS Group AG purchased a new position in Colony Credit Real Estate during the 1st quarter valued at about $154,000. Hedge funds and other institutional investors own 19.03% of the company’s stock.

Shares of NYSE:CLNC opened at $17.82 on Friday. Colony Credit Real Estate Inc has a 1 year low of $16.97 and a 1 year high of $23.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.48 and a quick ratio of 4.48.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings results 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). Colony Credit Real Estate had a net margin of 12.88% and a return on equity of 5.75%. The business had revenue of $29.96 million for the quarter, compared to analysts’ expectations of $126.10 million. On average, sell-side analysts expect that Colony Credit Real Estate Inc will post 1.39 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 9.76%.

A number of brokerages recently issued reports on CLNC. Zacks Investment Research downgraded Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th. Raymond James reduced their price target on Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 14th.

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About Colony Credit Real Estate

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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