Colony Capital Inc (NYSE:CLNY) saw strong trading volume on Wednesday . 4,711,926 shares were traded during trading, an increase of 100% from the previous session’s volume of 2,352,391 shares.The stock last traded at $5.12 and had previously closed at $5.10.
Several equities analysts have commented on the company. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
The firm has a 50-day moving average price of $5.11. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $2.48 billion, a PE ratio of 8.26 and a beta of 1.31.
Colony Capital (NYSE:CLNY) last posted its quarterly earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.32). The company had revenue of $632.90 million during the quarter, compared to analysts’ expectations of $627.45 million. Colony Capital had a negative return on equity of 5.59% and a negative net margin of 21.02%. The firm’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Colony Capital Inc will post 0.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.59%. The ex-dividend date was Thursday, June 27th. Colony Capital’s dividend payout ratio is presently 70.97%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in shares of Colony Capital in the 4th quarter worth about $47,000. GWM Advisors LLC raised its position in shares of Colony Capital by 104.1% in the 1st quarter. GWM Advisors LLC now owns 37,959 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 19,362 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of Colony Capital in the 1st quarter worth about $54,000. Pearl River Capital LLC purchased a new position in shares of Colony Capital in the 1st quarter worth about $56,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Colony Capital in the 1st quarter worth about $58,000. 80.33% of the stock is owned by hedge funds and other institutional investors.
About Colony Capital (NYSE:CLNY)
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.
Further Reading: Net Margin
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