Colony Capital (NYSE:CLNY) Lifted to Buy at ValuEngine

Colony Capital (NYSE:CLNY) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other brokerages have also weighed in on CLNY. B. Riley set a $8.00 target price on Colony Capital and gave the stock a “buy” rating in a research report on Monday, September 30th. Zacks Investment Research lowered Colony Capital from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

Shares of NYSE:CLNY opened at $4.90 on Tuesday. Colony Capital has a fifty-two week low of $4.32 and a fifty-two week high of $6.28. The business has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 7.90 and a beta of 1.34.

Large investors have recently modified their holdings of the business. Signaturefd LLC raised its position in Colony Capital by 681.2% in the 2nd quarter. Signaturefd LLC now owns 5,492 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 4,789 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Colony Capital in the 2nd quarter worth about $38,000. Usca Ria LLC purchased a new stake in shares of Colony Capital during the 2nd quarter valued at about $54,000. Coastal Investment Advisors Inc. increased its position in shares of Colony Capital by 108.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 10,839 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 5,639 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Colony Capital during the 3rd quarter valued at about $67,000. 79.69% of the stock is owned by institutional investors and hedge funds.

About Colony Capital

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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