Brown Advisory Inc. boosted its position in shares of Colony Capital Inc (NYSE:CLNY) by 23.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 476,030 shares of the real estate investment trust’s stock after acquiring an additional 90,535 shares during the period. Brown Advisory Inc. owned 0.10% of Colony Capital worth $2,900,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Colony Capital in the third quarter worth $753,000. Independent Advisor Alliance bought a new stake in Colony Capital in the third quarter worth $145,000. Glacier Peak Capital LLC increased its position in Colony Capital by 35.3% in the third quarter. Glacier Peak Capital LLC now owns 46,000 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 12,000 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Colony Capital by 9.0% in the third quarter. Canada Pension Plan Investment Board now owns 454,200 shares of the real estate investment trust’s stock worth $2,766,000 after purchasing an additional 37,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Colony Capital in the third quarter worth $790,000. Institutional investors own 81.16% of the company’s stock.
CLNY has been the topic of several research reports. ValuEngine upgraded shares of Colony Capital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. JMP Securities set a $9.00 price objective on shares of Colony Capital and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, October 9th.
In other Colony Capital news, insider Neale Redington sold 15,000 shares of Colony Capital stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $6.00, for a total transaction of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.69% of the stock is owned by insiders.
NYSE CLNY opened at $6.07 on Friday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.98. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 8.42 and a beta of 1.19. Colony Capital Inc has a 52 week low of $5.28 and a 52 week high of $12.31.
Colony Capital (NYSE:CLNY) last posted its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.28). The firm had revenue of $674.77 million for the quarter, compared to analysts’ expectations of $673.20 million. Colony Capital had a negative return on equity of 4.75% and a negative net margin of 17.64%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts predict that Colony Capital Inc will post 0.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, December 28th.
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About Colony Capital
Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $44 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.
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