Real Estate Management Services LLC boosted its position in shares of Colony Financial Inc. (NYSE:CLNY) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,157,700 shares of the company’s stock after buying an additional 79,100 shares during the period. Colony Financial comprises 5.8% of Real Estate Management Services LLC’s investment portfolio, making the stock its 3rd largest position. Real Estate Management Services LLC’s holdings in Colony Financial were worth $33,121,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 in the last quarter. State Street Corp raised its stake 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 worth $35,703,000 after buying an additional 140,068 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake 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 worth $21,850,000 after buying an additional 88,909 shares in the last quarter. Copper Rock Capital Partners LLC raised its stake in shares of Colony Financial by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 894,182 shares of the company’s stock worth $13,726,000 after buying an additional 13,885 shares in the last quarter. Finally, Clovis Capital Management LP raised its stake in shares of Colony Financial by 51.3% in the first quarter. Clovis Capital Management LP now owns 861,892 shares of the company’s stock worth $14,454,000 after buying an additional 292,091 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Colony Financial Inc. (NYSE:CLNY) traded down 0.71% during mid-day trading on Monday, reaching $18.10. 902,954 shares of the company were exchanged. The stock’s 50-day moving average price is $18.22 and its 200-day moving average price is $17.46. Colony Financial Inc. has a 1-year low of $14.73 and a 1-year high of $22.18. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.54 and a beta of 0.83.
Colony Financial (NYSE:CLNY) last announced its quarterly earnings data 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 last year, the company posted $0.44 EPS. On average, equities research analysts anticipate that Colony Financial Inc. will post $1.87 EPS 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 issued a $0.40 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 8.84%. Colony Financial’s payout ratio is currently 166.67%.
A number of analysts have recently issued reports on CLNY shares. Zacks Investment Research raised shares of Colony Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. FBR & Co raised shares of Colony Financial from a “mkt perform” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $22.00 in a research note 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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