Colony Financial (CLNY) Scheduled to Post Quarterly Earnings on Wednesday
Colony Financial (NASDAQ:CLNY) is scheduled to be issuing its Q2 quarterly earnings data on Wednesday, August 6th. Parties that wish to register for the company’s conference call can do so using this link.
Colony Financial (NASDAQ:CLNY) last posted its quarterly 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 expect Colony Financial to post $1.63 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
Colony Financial (NASDAQ:CLNY) traded up 0.64% during mid-day trading on Tuesday, hitting $22.10. The stock had a trading volume of 607,354 shares. Colony Financial has a 1-year low of $19.36 and a 1-year high of $23.51. The stock has a 50-day moving average of $22.83 and a 200-day moving average of $22.21. The company has a market cap of $2.041 billion and a P/E ratio of 19.01.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Colony Financial from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 22nd. They now have a $21.60 price target on the stock. Finally, 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.
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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