Real Estate Management Services LLC Purchases 79,100 Shares of Colony Financial Inc. (CLNY)
Real Estate Management Services LLC boosted its stake in shares of Colony Financial Inc. (NYSE:CLNY) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,157,700 shares of the company’s stock after buying an additional 79,100 shares during the period. Colony Financial makes up about 5.8% of Real Estate Management Services LLC’s holdings, making the stock its 3rd largest position. Real Estate Management Services LLC owned approximately 1.90% of Colony Financial worth $33,121,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Colony Financial by 329.0% in the first quarter. BlackRock Inc. now owns 12,993 shares of the company’s stock valued at $218,000 after buying an additional 9,964 shares in the last quarter. BlackRock Group LTD boosted its stake in Colony Financial by 101.2% in the first quarter. BlackRock Group LTD now owns 118,606 shares of the company’s stock valued at $1,989,000 after buying an additional 59,667 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Colony Financial by 5.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 155,830 shares of the company’s stock valued at $2,613,000 after buying an additional 8,390 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Colony Financial during the first quarter valued at approximately $724,000. Finally, Pitcairn Co. boosted its stake in Colony Financial by 9.0% in the second quarter. Pitcairn Co. now owns 12,044 shares of the company’s stock valued at $184,000 after buying an additional 993 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.
Shares of Colony Financial Inc. (NYSE:CLNY) traded down 0.71% on Monday, hitting $18.10. 902,954 shares of the company traded hands. The firm has a market capitalization of $2.06 billion, a P/E ratio of 17.54 and a beta of 0.83. The firm’s 50-day moving average is $18.22 and its 200 day moving average is $17.46. Colony Financial Inc. has a 1-year low of $14.73 and a 1-year high of $22.18.
Colony Financial (NYSE:CLNY) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.23. Colony Financial had a net margin of 16.89% and a return on equity of 3.09%. During the same quarter in the previous year, the business earned $0.44 EPS. On average, analysts anticipate that Colony Financial Inc. will post $1.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date is Wednesday, September 28th. Colony Financial’s dividend payout ratio (DPR) is 166.67%.
CLNY has been the subject of several research analyst reports. Zacks Investment Research raised shares of Colony Financial from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. FBR & Co raised shares of Colony Financial from a “mkt perform” rating to an “outperform” rating and raised their target price for the stock from $18.00 to $22.00 in a research report on Monday, June 6th.
About Colony Financial
Colony Capital, Inc, formerly Colony Financial, Inc, is a global real estate and investment management company. The Company operates through five segments: Real Estate Equity, including Light industrial real estate assets and operating platform; Single-family residential rentals through an investment in Colony Starwood Homes and Other real estate equity investments; Real Estate Debt, which includes loan originations and acquisitions, and Investment Management, which includes investment management of the Company-sponsored funds and other investment vehicles.
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