Colony Financial Sets New 52-Week High at $23.42 (CLNY)
Colony Financial (NASDAQ:CLNY) shares reached a new 52-week high during trading on Friday , AnalystRatings.NET reports. The stock traded as high as $23.42 and last traded at $23.34, with a volume of 437,539 shares traded. The stock had previously closed at $23.08.
A number of analysts have recently weighed in on CLNY shares. Analysts at Zacks upgraded shares of Colony Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $21.80 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Colony Financial in a research note on Tuesday, May 20th. They set a “neutral” rating and a $22.00 price target on the stock.
The stock’s 50-day moving average is $22.20 and its 200-day moving average is $21.7. The company has a market cap of $2.147 billion and a price-to-earnings ratio of 19.98.
Colony Financial (NASDAQ:CLNY) last announced its earnings results on Thursday, May 8th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. On average, analysts predict that Colony Financial will post $1.63 earnings per share for the current fiscal year.
Colony Financial, Inc is a real estate investment and finance company. The Company primarily acquires, originates and manages a diversified portfolio of real estate-related debt instruments.
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