|Bid||8.84 x 800|
|Ask||8.86 x 1400|
|Day's Range||8.74 - 8.95|
|52 Week Range||3.47 - 9.54|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||0.56 (6.33%)|
|Ex-Dividend Date||Jun 29, 2021|
|1y Target Est||11.00|
Colony Credit (CLNC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Colony Credit (CLNC) delivered earnings and revenue surprises of 7.69% and 35.75%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Colony Credit Real Estate, Inc. (NYSE: CLNC) ("Colony Credit Real Estate" or the "Company") today announced its financial results for the first quarter ended March 31, 2021 and certain updates. The Company reported first quarter 2021 GAAP net loss attributable to common stockholders of $(92.3) million, or $(0.71) per share, and Distributable Earnings of $13.8 million, or $0.10 per share. Excluding realized gains and losses on sales and fair value adjustments, Adjusted Distributable Earnings were $18.0 million, or $0.14 per share. The Company reported GAAP net book value of $11.98 per share and undepreciated book value of $12.84 per share as of March 31, 2021.