Schonfeld Strategic Advisors LLC purchased a new stake in shares of Colony Capital, Inc. (NYSE:CLNY) in the third quarter, HoldingsChannel reports. The institutional investor purchased 66,200 shares of the real estate investment trust’s stock, valued at approximately $181,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CLNY. Ranger Global Real Estate Advisors LLC boosted its stake in Colony Capital by 85.3% during the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 16,736,081 shares of the real estate investment trust’s stock valued at $45,690,000 after purchasing an additional 7,705,193 shares in the last quarter. Security Benefit Life Insurance Co. KS bought a new position in Colony Capital during the 3rd quarter valued at $17,378,000. GEM Realty Capital bought a new position in Colony Capital during the 3rd quarter valued at $13,512,000. Thunderbird Partners LLP bought a new position in Colony Capital during the 3rd quarter valued at $10,436,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Colony Capital by 125.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,114,096 shares of the real estate investment trust’s stock valued at $14,674,000 after purchasing an additional 3,404,175 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on CLNY. ValuEngine lowered Colony Capital from a “buy” rating to a “hold” rating in a research note on Friday, December 11th. Truist started coverage on Colony Capital in a report on Thursday, December 3rd. They issued a “buy” rating and a $6.00 target price on the stock. Zacks Investment Research downgraded Colony Capital from a “hold” rating to a “sell” rating in a report on Thursday, December 10th. Finally, B. Riley increased their price objective on Colony Capital from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, December 8th. They noted that the move was a valuation call.
CLNY opened at $4.81 on Friday. Colony Capital, Inc. has a 1-year low of $1.33 and a 1-year high of $5.17. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -0.86 and a beta of 1.86. The business has a 50 day moving average of $4.59 and a 200-day moving average of $3.18.
Colony Capital (NYSE:CLNY) last issued its quarterly earnings data on Friday, November 6th. The real estate investment trust reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.19). Colony Capital had a negative net margin of 146.26% and a negative return on equity of 58.61%. Equities analysts predict that Colony Capital, Inc. will post 0.02 EPS for the current year.
Colony Capital Profile
Colony Capital, Inc (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The Company manages an approximately $47 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $23 billion in digital real estate investments through Digital Colony, its digital infrastructure platform.
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