Colony Capital Inc (NYSE:CLNY) insider Neale Redington sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $6.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:CLNY traded down $0.08 during trading on Friday, hitting $6.07. The company’s stock had a trading volume of 2,645,849 shares, compared to its average volume of 2,372,172. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.07 and a current ratio of 4.07. Colony Capital Inc has a fifty-two week low of $5.28 and a fifty-two week high of $12.31. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.42 and a beta of 1.19.
Colony Capital (NYSE:CLNY) last released its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.28). Colony Capital had a negative return on equity of 4.75% and a negative net margin of 17.64%. The business had revenue of $674.77 million during the quarter, compared to analyst estimates of $673.20 million. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that Colony Capital Inc will post 0.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, December 28th.
Several research analysts recently commented on CLNY shares. ValuEngine upgraded Colony Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, October 9th. Finally, JMP Securities set a $9.00 price target on Colony Capital and gave the stock a “buy” rating in a research note on Tuesday, October 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new stake in Colony Capital during the second quarter valued at approximately $114,000. Dimensional Fund Advisors LP acquired a new stake in Colony Capital during the second quarter valued at approximately $116,000. CIBC Asset Management Inc acquired a new stake in Colony Capital during the second quarter valued at approximately $119,000. Jane Street Group LLC acquired a new stake in Colony Capital during the second quarter valued at approximately $119,000. Finally, LexAurum Advisors LLC acquired a new stake in shares of Colony Capital during the 2nd quarter worth approximately $128,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
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Colony Capital Company Profile
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.
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