Virtu Financial LLC acquired a new position in Colony Capital Inc (NYSE:CLNY) in the third quarter, HoldingsChannel reports. The institutional investor acquired 123,598 shares of the real estate investment trust’s stock, valued at approximately $753,000.
Other large investors have also modified their holdings of the company. Bank of Montreal Can bought a new stake in Colony Capital during the second quarter valued at about $526,000. BNP Paribas Arbitrage SA bought a new stake in Colony Capital during the second quarter valued at about $698,000. Daiwa Securities Group Inc. bought a new stake in Colony Capital during the second quarter valued at about $803,000. Raymond James Financial Services Advisors Inc. bought a new stake in Colony Capital during the second quarter valued at about $641,000. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in Colony Capital during the second quarter valued at about $141,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Colony Capital from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Zacks Investment Research upgraded shares of Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price target for the company in a report on Tuesday, October 9th. Finally, JMP Securities set a $9.00 price target on shares of Colony Capital and gave the company a “buy” rating in a report on Tuesday, October 16th.
Shares of CLNY opened at $6.04 on Thursday. The stock has a market cap of $2.97 billion, a PE ratio of 8.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.07 and a quick ratio of 4.07. Colony Capital Inc has a 52 week low of $5.28 and a 52 week high of $12.31.
Colony Capital (NYSE:CLNY) last announced its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.28). The company had revenue of $674.77 million for the quarter, compared to analyst estimates of $673.20 million. Colony Capital had a negative net margin of 17.64% and a negative return on equity of 4.75%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities analysts predict that Colony Capital Inc will post 0.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend is Friday, December 28th.
WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/12/06/virtu-financial-llc-acquires-new-holdings-in-colony-capital-inc-clny.html.
About Colony Capital
Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $44 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.
Featured Article: What is a Tariff?
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.