Colony Financial Inc. (CLNY) Rating Reiterated by FBR & Co
Colony Financial Inc. (NYSE:CLNY)‘s stock had its “buy” rating restated by research analysts at FBR & Co in a research report issued to clients and investors on Tuesday.
Several other research analysts have also recently weighed in on CLNY. Zacks Investment Research cut shares of Colony Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Wedbush initiated coverage on shares of Colony Financial in a report on Wednesday, October 5th. They issued an “outperform” rating and a $26.00 price target on the stock.
Colony Financial (NYSE:CLNY) traded up 2.14% on Tuesday, hitting $20.54. The stock had a trading volume of 978,020 shares. The company has a market cap of $2.34 billion, a P/E ratio of 26.10 and a beta of 0.72. Colony Financial has a 52-week low of $14.73 and a 52-week high of $20.92. The stock’s 50-day moving average is $18.88 and its 200-day moving average is $17.95.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.60 annualized dividend and a yield of 7.96%. Colony Financial’s payout ratio is 179.78%.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its stake in Colony Financial by 57.7% in the third quarter. Acrospire Investment Management LLC now owns 8,200 shares of the company’s stock worth $149,000 after buying an additional 3,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in Colony Financial during the second quarter worth $173,000. NEXT Financial Group Inc raised its stake in Colony Financial by 40.7% in the third quarter. NEXT Financial Group Inc now owns 9,860 shares of the company’s stock worth $180,000 after buying an additional 2,850 shares in the last quarter. Pitcairn Co. raised its stake in Colony Financial by 9.0% in the second quarter. Pitcairn Co. now owns 12,044 shares of the company’s stock worth $184,000 after buying an additional 993 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Colony Financial during the third quarter worth $191,000. Institutional investors and hedge funds own 96.73% of the company’s stock.
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Colony Financial Company Profile
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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