FBR & Co reissued their buy rating on shares of Colony Financial Inc. (NYSE:CLNY) in a report published on Tuesday morning.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Colony Financial from a sell rating to a hold rating in a report on Monday, September 12th. Wedbush started coverage on Colony Financial in a report on Wednesday, October 5th. They set an outperform rating and a $26.00 price target on the stock.
Shares of Colony Financial (NYSE:CLNY) opened at 20.30 on Tuesday. Colony Financial has a 12 month low of $14.73 and a 12 month high of $20.92. The stock’s 50 day moving average price is $19.01 and its 200-day moving average price is $17.99. The company has a market cap of $2.31 billion, a P/E ratio of 25.79 and a beta of 0.72.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date of this dividend is Wednesday, December 28th. Colony Financial’s dividend payout ratio (DPR) is presently 179.78%.
A number of hedge funds have recently bought and sold shares of CLNY. Acrospire Investment Management LLC boosted its stake in Colony Financial by 57.7% in the third quarter. Acrospire Investment Management LLC now owns 8,200 shares of the company’s stock worth $149,000 after buying an additional 3,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Colony Financial during the second quarter worth approximately $173,000. NEXT Financial Group Inc boosted its stake in shares of Colony Financial by 40.7% in the third quarter. NEXT Financial Group Inc now owns 9,860 shares of the company’s stock worth $180,000 after buying an additional 2,850 shares during the last quarter. Pitcairn Co. boosted its stake 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 during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Colony Financial during the third quarter worth approximately $191,000. Institutional investors own 96.73% of the company’s stock.
Colony Financial Company Profile
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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