Colony Financial Inc. (CLNY) Stake Maintained by Macquarie Group Ltd.
Macquarie Group Ltd. maintained its position in Colony Financial Inc. (NYSE:CLNY) during the second quarter, Holdings Channel reports. The firm owned 13,465 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Colony Financial were worth $207,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CLNY. BlackRock Inc. raised its position in Colony Financial by 329.0% in the first quarter. BlackRock Inc. now owns 12,993 shares of the company’s stock valued at $218,000 after buying an additional 9,964 shares in the last quarter. Boston Partners raised its position in shares of Colony Financial by 0.8% in the second quarter. Boston Partners now owns 652,121 shares of the company’s stock worth $10,010,000 after buying an additional 5,206 shares in the last quarter. BlackRock Group LTD raised its position in shares of Colony Financial by 101.2% in the first quarter. BlackRock Group LTD now owns 118,606 shares of the company’s stock worth $1,989,000 after buying an additional 59,667 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Colony Financial by 5.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 155,830 shares of the company’s stock worth $2,613,000 after buying an additional 8,390 shares in the last quarter. Finally, Pitcairn Co. raised its position in shares of Colony Financial by 9.0% in the second quarter. Pitcairn Co. now owns 12,044 shares of the company’s stock worth $184,000 after buying an additional 993 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Colony Financial Inc. (NYSE:CLNY) opened at 18.10 on Tuesday. The stock’s 50 day moving average is $18.22 and its 200 day moving average is $17.49. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 17.54 and a beta of 0.83. Colony Financial Inc. has a 52-week low of $14.73 and a 52-week high of $22.18.
Colony Financial (NYSE:CLNY) last issued its earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.44 by $0.23. Colony Financial had a return on equity of 3.09% and a net margin of 16.89%. During the same period in the previous year, the company earned $0.44 earnings per share. Equities research analysts forecast that Colony Financial Inc. will post $1.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.84%. Colony Financial’s payout ratio is presently 166.67%.
A number of brokerages recently issued reports on CLNY. FBR & Co upgraded shares of Colony Financial from a “mkt perform” rating to an “outperform” rating and increased their target price for the company from $18.00 to $22.00 in a research report on Monday, June 6th. Zacks Investment Research lowered shares of Colony Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th.
About Colony Financial
Colony Capital, Inc, formerly Colony Financial, Inc, is a global real estate and investment management company. The Company operates through five segments: Real Estate Equity, including Light industrial real estate assets and operating platform; Single-family residential rentals through an investment in Colony Starwood Homes and Other real estate equity investments; Real Estate Debt, which includes loan originations and acquisitions, and Investment Management, which includes investment management of the Company-sponsored funds and other investment vehicles.
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