Colony Financial Inc. (NYSE:CLNY) announced a quarterly dividend on Tuesday, August 9th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.40 per share on Friday, October 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Colony Financial (NYSE:CLNY) opened at 18.56 on Friday. Colony Financial has a 1-year low of $14.73 and a 1-year high of $22.18. The company’s 50-day moving average price is $18.21 and its 200-day moving average price is $17.37. The company has a market capitalization of $2.11 billion, a PE ratio of 17.98 and a beta of 0.94.
Colony Financial (NYSE:CLNY) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate 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 quarter last year, the business earned $0.44 EPS. On average, equities analysts expect that Colony Financial will post $1.87 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Zacks Investment Research raised Colony Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. FBR & Co raised Colony Financial from a “mkt perform” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $22.00 in a research note on Monday, June 6th.
Hedge funds have recently made changes to their positions in the stock. BlackRock Group LTD raised its stake in shares of Colony Financial by 3.5% in the second quarter. BlackRock Group LTD now owns 122,783 shares of the company’s stock worth $1,885,000 after buying an additional 4,177 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Colony Financial during the second quarter worth approximately $173,000. Teachers Advisors Inc. raised its stake in shares of Colony Financial by 8.1% in the second quarter. Teachers Advisors Inc. now owns 179,133 shares of the company’s stock worth $2,750,000 after buying an additional 13,370 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Colony Financial by 184.5% in the second quarter. Cubist Systematic Strategies LLC now owns 23,387 shares of the company’s stock worth $359,000 after buying an additional 15,166 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Colony Financial by 11.5% in the second quarter. AQR Capital Management LLC now owns 150,392 shares of the company’s stock worth $2,308,000 after buying an additional 15,561 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.
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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