JMP Securities set a $9.00 price target on Colony Capital (NYSE:CLNY) in a research note published on Tuesday, October 16th. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Other analysts have also issued research reports about the company. ValuEngine lowered Colony Capital from a sell rating to a strong sell rating in a report on Thursday, August 2nd. Zacks Investment Research lowered Colony Capital from a strong-buy rating to a hold rating in a report on Wednesday, July 11th.
Colony Capital stock traded up $0.02 during mid-day trading on Tuesday, reaching $6.13. 5,061,586 shares of the company were exchanged, compared to its average volume of 2,657,237. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.95 billion, a P/E ratio of 8.23 and a beta of 1.18. Colony Capital has a 12-month low of $5.28 and a 12-month high of $12.74.
Colony Capital (NYSE:CLNY) last posted its earnings results on Wednesday, November 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.28). The company had revenue of $674.77 million for the quarter, compared to analysts’ expectations of $673.20 million. Colony Capital had a negative return on equity of 4.72% and a negative net margin of 17.64%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities analysts expect that Colony Capital will post 0.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, December 28th. This represents a $0.44 annualized dividend and a dividend yield of 7.18%.
Several institutional investors and hedge funds have recently modified their holdings of CLNY. BlackRock Inc. purchased a new position in Colony Capital in the 2nd quarter worth $198,709,000. FMR LLC purchased a new position in Colony Capital in the 2nd quarter worth $144,070,000. Fuller & Thaler Asset Management Inc. purchased a new position in Colony Capital in the 2nd quarter worth $142,457,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Colony Capital in the 2nd quarter worth $133,604,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Colony Capital in the 2nd quarter worth $91,506,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.
About Colony Capital
Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. The company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.
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