Envestnet Asset Management Inc. lowered its stake in Colony Capital Inc (NYSE:CLNY) by 67.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,452 shares of the company’s stock after selling 28,285 shares during the period. Envestnet Asset Management Inc.’s holdings in Colony Capital were worth $274,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Colony Capital by 1,087.9% in the third quarter. BNP Paribas Arbitrage SA now owns 54,179 shares of the company’s stock valued at $988,000 after buying an additional 49,618 shares in the last quarter. Raymond James Trust N.A. bought a new position in Colony Capital during the third quarter valued at approximately $191,000. Montrusco Bolton Investments Inc. raised its position in Colony Capital by 21.9% in the third quarter. Montrusco Bolton Investments Inc. now owns 50,862 shares of the company’s stock valued at $927,000 after buying an additional 9,132 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Colony Capital by 125.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 169,000 shares of the company’s stock valued at $3,081,000 after buying an additional 94,000 shares in the last quarter. Finally, Real Estate Management Services LLC raised its position in Colony Capital by 2.4% in the third quarter. Real Estate Management Services LLC now owns 2,210,200 shares of the company’s stock valued at $40,292,000 after buying an additional 52,500 shares in the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.
Shares of Colony Capital Inc (NYSE:CLNY) opened at 21.52 on Monday. The company has a 50-day moving average of $20.70 and a 200 day moving average of $18.67. Colony Capital Inc has a one year low of $14.73 and a one year high of $21.92.
Several research analysts have recently commented on CLNY shares. Zacks Investment Research lowered Colony Capital from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th. Keefe, Bruyette & Woods lowered Colony Capital from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Wednesday, January 4th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $32.00 price target on shares of Colony Capital in a report on Friday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.80.
Colony Capital 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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