Dynamic Technology Lab Private Ltd purchased a new position in Colony Capital Inc (NYSE:CLNY) during the 2nd quarter, HoldingsChannel reports. The fund purchased 87,394 shares of the real estate investment trust’s stock, valued at approximately $545,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new position in shares of Colony Capital in the second quarter worth $169,000. BB&T Securities LLC bought a new position in shares of Colony Capital in the second quarter worth $582,000. AMP Capital Investors Ltd bought a new position in shares of Colony Capital in the second quarter worth $855,000. Twin Capital Management Inc. bought a new position in shares of Colony Capital in the second quarter worth $1,084,000. Finally, Renaissance Technologies LLC bought a new position in shares of Colony Capital in the second quarter worth $8,078,000. 81.40% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on CLNY shares. ValuEngine raised shares of Colony Capital from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Zacks Investment Research cut shares of Colony Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th.
CLNY opened at $6.23 on Friday. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 1.00. Colony Capital Inc has a 52 week low of $5.28 and a 52 week high of $13.02.
Colony Capital (NYSE:CLNY) last released its earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.28). The firm had revenue of $689.60 million during the quarter, compared to the consensus estimate of $660.51 million. Colony Capital had a negative net margin of 14.25% and a negative return on equity of 3.87%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. research analysts anticipate that Colony Capital Inc will post 0.6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.44 dividend on an annualized basis and a yield of 7.06%.
Colony Capital 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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