In a report issued on May 7, Stephen Laws from Raymond James maintained a Hold rating on Colony Credit Real Estate (CLNC). The company’s shares closed last Thursday at $7.53.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 11.7% and a 68.1% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Broadmark Realty Capital, and Kkr Real Estate Finance.
The the analyst consensus on Colony Credit Real Estate is currently a Hold rating.
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Colony Credit Real Estate’s market cap is currently $988.8M and has a P/E ratio of -3.50. The company has a Price to Book ratio of 0.57.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLNC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Colony Credit Real Estate, Inc. operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. It operates through the following segments: Loan Portfolio, CRE Debt Securities, Net Leased Real Estate, Other, and Corporate. The Loan Portfolio segment focuses on CRE debt investments. The CRE Debt Securities segment consists of investing in CMBS. The Net Leased Real Estate segment comprises of investments in commercial real estate. The other segment includes direct investments in non core operating real estate. The Corporate segment deals with corporate level asset management and other fees, related party and general and administrative expenses. The company was founded on August 23, 2017 and is headquartered in Los Angeles, CA.