Pearl River Capital LLC Acquires Shares of 10,372 Colony Capital Inc (CLNY)

Pearl River Capital LLC acquired a new position in shares of Colony Capital Inc (NYSE:CLNY) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 10,372 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors purchased a new stake in Colony Capital during the fourth quarter worth about $32,000. FNY Investment Advisers LLC purchased a new stake in Colony Capital during the fourth quarter worth about $36,000. Meeder Asset Management Inc. increased its holdings in Colony Capital by 158.0% during the fourth quarter. Meeder Asset Management Inc. now owns 8,306 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 5,086 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Colony Capital during the fourth quarter worth about $47,000. Finally, Sigma Planning Corp purchased a new stake in Colony Capital during the first quarter worth about $54,000. Institutional investors and hedge funds own 83.37% of the company’s stock.

Shares of NYSE:CLNY opened at $5.05 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.51 and a quick ratio of 3.51. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 8.15 and a beta of 1.53. Colony Capital Inc has a twelve month low of $4.55 and a twelve month high of $7.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.44 dividend on an annualized basis and a yield of 8.71%. Colony Capital’s dividend payout ratio is presently 70.97%.

A number of research firms recently issued reports on CLNY. Zacks Investment Research upgraded shares of Colony Capital from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Wednesday, January 16th. ValuEngine downgraded shares of Colony Capital from a “hold” rating to a “sell” rating in a report on Monday, February 4th.

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Colony Capital Company Profile

Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.

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Institutional Ownership by Quarter for Colony Capital (NYSE:CLNY)

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