Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
Colony Credit Real Estate, Inc. (NYSE: CLNC) ("Colony Credit Real Estate" or the "Company") announced today that effective April 1, 2020, Michael J. Mazzei will be appointed Chief Executive Officer and President of the Company, exclusively committed to the Company’s business and operations. Effective April 1, 2020, Andrew E. Witt will transition to Chief Operating Officer of the Company, previously serving as Interim Chief Executive Officer and President.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Colony Credit Real Estate, Inc. Announces Change to Virtual 2020 Annual Meeting of Stockholders
Colony Credit (CLNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Speaking on the call today are the company's president and chief executive officer, Mike Mazzei; chief operating officer, Andy Witt; and chief financial officer, Neale Redington; chief accounting officer, Frank Saracino, is also on the line to answer questions. Before I hand the call over, please note that on this call, certain information presented contains forward-looking statements. Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus or COVID-19, on the financial condition, results of operations, cash flows and performance of the company, its borrowers and tenants, the real estate market and the global economy and financial markets.
Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm and a significant owner of shares of Colony Credit Real Estate, Inc. (CLNC) (“Colony Credit” or the “Company”) directly and indirectly through its ownership of Colony Capital, Inc. (CLNY) (“Colony Capital”), today disclosed a letter it sent to the Company’s Board of Directors on February 7, 2020.
Colony Credit (CLNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existing investors Edgewater Funds and Allstate. Allstate will retain 50% of its interests and continue as a DataBank investor, while Edgewater will fully exit from its position. Nuveen will also continue as an important investor in DataBank, holding its original stake.
Colony Credit Real Estate, Inc. (NYSE: CLNC) ("Colony Credit Real Estate" or the "Company") today announced that the Company’s Board of Directors has declared its monthly cash dividend of $0.10 per share of class A common stock (the "Common Stock") for the monthly period ended March 31, 2020. The Common Stock dividend will be paid on April 10, 2020, to stockholders of record on March 31, 2020.
Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm which owns shares of Colony Credit Real Estate, Inc. (CLNC) (“Colony Credit” or the “Company”) directly and indirectly through its ownership of Colony Capital, Inc. (CLNY) (“Colony Capital”), today issued an open letter to the Company’s Board of Directors, calling for change in the leadership of Colony Credit. “Colony Credit is ideally positioned to deliver strong shareholder returns – with a broad mandate and diversified portfolio in a strong commercial real estate environment – but for a management team that has consistently failed to deliver on this opportunity,” said Jason Aintabi, Chief Investment Officer of Blackwells.
Colony Credit (CLNC) delivered earnings and revenue surprises of 0.00% and -33.29%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
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, 2020 and certain updates.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Colony Credit Real Estate, Inc. (NYSE: CLNC) ("Colony Credit Real Estate" or the "Company") announced today updates on its continuing business operations and a suspension of its monthly dividend in connection with the impact of the COVID-19 global pandemic.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
Colony Credit Real Estate, Inc. (NYSE: CLNC) ("Colony Credit Real Estate" or the "Company") today announced it will release first quarter 2020 financial results after the market closes on Thursday, May 7, 2020. The Company will conduct a conference call to discuss the results the same day at 2:00 p.m. PT / 5:00 p.m. ET.
The stock market ended the week on a high note, with the Dow Jones Industrial Average and S&P 500 index higher by 1.5% and 1.3%, respectively, as of 2:30pm EDT on Friday. Colony Credit Real Estate (NYSE: CLNC) and Arbor Realty Trust (NYSE: ABR) were higher by 15% and 10%, respectively. Both companies, which primarily originate and own commercial real estate loans, reported earnings on Thursday afternoon, and it's fair to say that investors liked what they saw.