Colony Financial (CLNY) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Colony Financial (NASDAQ: CLNY) announced its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.04.
A number of research firms have also recently commented on CLNY. Analysts at Stifel Nicolaus raised their price target on shares of Colony Financial from $21.00 to $23.00 in a research note to investors on Wednesday, January 16th. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of Colony Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 10th. They now have a $19.80 price target on the stock.
Colony Financial (CLNY) opened at 21.95 on Thursday. Colony Financial (CLNY) has a 52-week low of $16.16 and a 52-week high of $22.38. The stock’s 50-day moving average is currently $21.77. The company has a market cap of $904.7 million and a price-to-earnings ratio of 16.09.
Colony Financial, Inc. is a real estate finance company that was organized to acquire, originate and manage a diversified portfolio of real estate-related debt instruments.
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