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

ValuEngine upgraded shares of Colony Capital (NYSE:CLNY) from a hold rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Colony Capital from a hold rating to a buy rating and set a $5.50 target price for the company in a research note on Tuesday, July 2nd.

Shares of NYSE CLNY traded down $0.12 during mid-day trading on Thursday, reaching $5.43. 29,678 shares of the company were exchanged, compared to its average volume of 3,003,393. The firm’s 50-day moving average is $5.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.51 and a quick ratio of 3.51. The company has a market capitalization of $2.70 billion, a PE ratio of 8.77 and a beta of 1.31. Colony Capital has a twelve month low of $4.55 and a twelve month high of $6.28.

Colony Capital (NYSE:CLNY) last posted its earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). The company had revenue of $632.90 million for the quarter, compared to analyst estimates of $627.45 million. Colony Capital had a negative return on equity of 5.59% and a negative net margin of 21.02%. The business’s revenue was down 5.1% on a year-over-year basis. As a group, analysts expect that Colony Capital will post 0.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend was Thursday, June 27th. Colony Capital’s dividend payout ratio is presently 70.97%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Colony Capital by 681.2% during 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. Nordea Investment Management AB acquired a new stake in Colony Capital in the 4th quarter worth about $47,000. Sigma Planning Corp acquired a new stake in Colony Capital in the 1st quarter worth about $54,000. Pearl River Capital LLC acquired a new stake in Colony Capital in the 1st quarter worth about $56,000. Finally, Usca Ria LLC acquired a new stake in Colony Capital in the 2nd quarter worth about $54,000. Institutional investors own 80.30% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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