Swift Run Capital Management LLC lowered its stake in Colony Financial Inc. (NYSE:CLNY) by 25.8% during the second quarter, Holdings Channel reports. The institutional investor owned 482,989 shares of the company’s stock after selling 168,288 shares during the period. Colony Financial comprises approximately 4.7% of Swift Run Capital Management LLC’s holdings, making the stock its 9th largest position. Swift Run Capital Management LLC’s holdings in Colony Financial were worth $7,414,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position 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 valued at $60,214,000 after buying an additional 144,707 shares in the last quarter. Real Estate Management Services LLC boosted its position in 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 in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in 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 in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its position in Colony Financial by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 894,182 shares of the company’s stock valued at $13,726,000 after buying an additional 13,885 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.
Colony Financial Inc. (NYSE:CLNY) traded down 1.00% during mid-day trading on Friday, hitting $17.77. The stock had a trading volume of 969,622 shares. The firm has a market cap of $2.02 billion, a PE ratio of 17.22 and a beta of 0.83. The company has a 50-day moving average of $18.18 and a 200-day moving average of $17.54. Colony Financial Inc. has a 12-month low of $14.73 and a 12-month high of $22.18.
Colony Financial (NYSE:CLNY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating the 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 period last year, the firm earned $0.44 EPS. Analysts expect that Colony Financial Inc. will post $2.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Wednesday, September 28th. Colony Financial’s dividend payout ratio (DPR) is presently 166.67%.
CLNY has been the subject of several analyst reports. Zacks Investment Research cut Colony Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Wedbush initiated coverage on Colony Financial in a report on Wednesday, October 5th. They issued an “outperform” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Colony Financial has an average rating of “Buy” and a consensus price target of $24.20.
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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