Colony Credit Real Estate Inc (NYSE:CLNC) Announces Monthly Dividend of $0.10

Colony Credit Real Estate Inc (NYSE:CLNC) announced a monthly dividend on Thursday, November 7th, Zacks reports. Investors of record on Saturday, November 30th will be given a dividend of 0.10 per share on Tuesday, December 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date of this dividend is Wednesday, November 27th.

NYSE:CLNC opened at $12.81 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.78 and a current ratio of 3.78. The stock’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $14.63. The company has a market cap of $1.66 billion, a P/E ratio of 18.30 and a beta of 0.63. Colony Credit Real Estate has a 52-week low of $11.18 and a 52-week high of $18.00.

In other Colony Credit Real Estate news, CEO Kevin P. Traenkle purchased 50,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of $11.91 per share, with a total value of $595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 224,877 shares in the company, valued at $2,678,285.07. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Neale Redington purchased 4,250 shares of the stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $12.68 per share, for a total transaction of $53,890.00. In the last ninety days, insiders purchased 170,250 shares of company stock worth $2,112,820. 0.28% of the stock is owned by company insiders.

A number of research firms recently issued reports on CLNC. ValuEngine raised Colony Credit Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Raymond James lowered their target price on Colony Credit Real Estate to $18.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, B. Riley set a $19.00 target price on Colony Credit Real Estate and gave the company a “buy” rating in a research report on Wednesday, August 21st.

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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Dividend History for Colony Credit Real Estate (NYSE:CLNC)

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