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.
A number of equities analysts recently commented on CLNY shares. FBR & Co raised Colony Financial from a “mkt perform” rating to an “outperform” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Monday, June 6th. Zacks Investment Research lowered Colony Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th.
Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Colony Financial during the second quarter worth $173,000. Nuveen Fund Advisors LLC acquired a new position in shares of Colony Financial during the second quarter worth $267,000. Vertex One Asset Management Inc. acquired a new position in shares of Colony Financial during the second quarter worth $272,000. Panagora Asset Management Inc. acquired a new position in shares of Colony Financial during the second quarter worth $272,000. Finally, Cubist Systematic Strategies LLC raised its position 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 in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Colony Financial (NYSE:CLNY) opened at 18.56 on Friday. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 17.98 and a beta of 0.94. The company has a 50 day moving average price of $18.21 and a 200-day moving average price of $17.37. Colony Financial has a 1-year low of $14.73 and a 1-year high of $22.18.
Colony Financial (NYSE:CLNY) last announced its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping 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 last year, the company posted $0.44 EPS. On average, analysts forecast that Colony Financial will post $1.87 EPS for the current fiscal year.
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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