California Public Employees Retirement System lowered its position in Colony Financial Inc. (NYSE:CLNY) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,500 shares of the company’s stock after selling 7,600 shares during the period. California Public Employees Retirement System owned approximately 0.23% of Colony Financial worth $4,045,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Colony Financial by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,590,567 shares of the company’s stock worth $60,214,000 after buying an additional 144,707 shares during the last quarter. Real Estate Management Services LLC boosted its position in shares of Colony Financial by 3.8% in the second quarter. Real Estate Management Services LLC now owns 2,157,700 shares of the company’s stock valued at $33,121,000 after buying an additional 79,100 shares during the last quarter. State Street Corp boosted its position in shares of Colony Financial by 7.0% in the first quarter. State Street Corp now owns 2,129,219 shares of the company’s stock valued at $35,703,000 after buying an additional 140,068 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Colony Financial by 6.7% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,423,475 shares of the company’s stock valued at $21,850,000 after buying an additional 88,909 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Colony Financial during the fourth quarter valued at $19,511,000. 96.58% of the stock is owned by institutional investors and hedge funds.
Colony Financial Inc. (NYSE:CLNY) traded up 1.26% on Wednesday, reaching $18.52. 1,621,253 shares of the company’s stock were exchanged. The company has a market capitalization of $2.11 billion, a PE ratio of 17.95 and a beta of 0.94. Colony Financial Inc. has a 1-year low of $14.73 and a 1-year high of $22.18. The company has a 50 day moving average price of $18.16 and a 200-day moving average price of $17.36.
Colony Financial (NYSE:CLNY) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.23. Colony Financial had a return on equity of 3.09% and a net margin of 16.89%. During the same period in the previous year, the company earned $0.44 earnings per share. On average, equities research analysts anticipate that Colony Financial Inc. will post $1.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date is Wednesday, September 28th. Colony Financial’s dividend payout ratio is currently 166.67%.
CLNY has been the topic of several recent research reports. FBR & Co raised shares of Colony Financial from a “mkt perform” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $22.00 in a research report on Monday, June 6th. Zacks Investment Research raised shares of Colony Financial from a “sell” rating to a “hold” rating in a research report on Monday, September 12th.
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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