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.
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.
Recommended Story: Outstanding Shares and The Effect on Share Price
Want to see what other hedge funds are holding CLNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colony Capital Inc (NYSE:CLNY).
Receive News & Ratings for Colony Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Capital and related companies with MarketBeat.com's FREE daily email newsletter.