B.Riley FBR Maintains a Buy Rating on Colony Credit Real Estate Inc (CLNC)

By Jason Carr

B.Riley FBR analyst Randy Binner maintained a Buy rating on Colony Credit Real Estate Inc (CLNCResearch Report) today and set a price target of $19.00. The company’s shares closed last Monday at $14.39.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.2% and a 64.5% success rate. Binner covers the Financial sector, focusing on stocks such as Federal National Mortgage Association, Health Insurance Innovations, and Victory Capital Holdings Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Colony Credit Real Estate Inc with a $18.75 average price target.

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The company has a one-year high of $21.85 and a one-year low of $12.42. Currently, Colony Credit Real Estate Inc has an average volume of 336.1K.

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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.