Colony Credit Real Estate Inc (CLNC) Short Interest Up 88.1% in January

Colony Credit Real Estate Inc (NYSE:CLNC) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,338,908 shares, an increase of 88.1% from the January 15th total of 1,243,196 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily trading volume, of 236,892 shares, the short-interest ratio is currently 9.9 days.

CLNC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Raymond James reduced their price objective on shares of Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th.

Several institutional investors have recently bought and sold shares of the company. Resources Investment Advisors Inc. acquired a new stake in Colony Credit Real Estate in the 4th quarter valued at about $34,000. Ironwood Financial llc lifted its stake in Colony Credit Real Estate by 150.9% in the 4th quarter. Ironwood Financial llc now owns 2,923 shares of the company’s stock valued at $46,000 after purchasing an additional 1,758 shares during the last quarter. Clarus Wealth Advisors acquired a new stake in Colony Credit Real Estate in the 4th quarter valued at about $59,000. CWM LLC lifted its stake in Colony Credit Real Estate by 185.4% in the 3rd quarter. CWM LLC now owns 4,891 shares of the company’s stock valued at $108,000 after purchasing an additional 3,177 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colony Credit Real Estate by 50.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,438 shares of the company’s stock valued at $102,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors own 22.23% of the company’s stock.

Colony Credit Real Estate stock opened at $17.05 on Friday. Colony Credit Real Estate has a one year low of $15.38 and a one year high of $23.23. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 0.36.

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 11th. Stockholders of record on Thursday, January 31st were paid a dividend of $0.145 per share. The ex-dividend date was Wednesday, January 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 10.21%.

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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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