Nationwide Fund Advisors boosted its position in shares of Colony Financial Inc. (NYSE:CLNY) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 107,704 shares of the company’s stock after buying an additional 1,397 shares during the period. Nationwide Fund Advisors owned 0.09% of Colony Financial worth $1,653,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLNY. Real Estate Management Services LLC raised its stake in Colony Financial by 3.8% in the second quarter. Real Estate Management Services LLC now owns 2,157,700 shares of the company’s stock valued at $33,121,000 after buying an additional 79,100 shares in the last quarter. BlackRock Inc. raised its stake in Colony Financial by 329.0% in the first quarter. BlackRock Inc. now owns 12,993 shares of the company’s stock valued at $218,000 after buying an additional 9,964 shares in the last quarter. Boston Partners raised its stake in Colony Financial by 0.8% in the second quarter. Boston Partners now owns 652,121 shares of the company’s stock valued at $10,010,000 after buying an additional 5,206 shares in the last quarter. BlackRock Group LTD raised its stake in Colony Financial by 101.2% in the first quarter. BlackRock Group LTD now owns 118,606 shares of the company’s stock valued at $1,989,000 after buying an additional 59,667 shares in the last quarter. Finally, Pitcairn Co. raised its stake in Colony Financial by 9.0% in the second quarter. Pitcairn Co. now owns 12,044 shares of the company’s stock valued at $184,000 after buying an additional 993 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.
Shares of Colony Financial Inc. (NYSE:CLNY) opened at 17.86 on Monday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.31 and a beta of 0.83. The stock’s 50 day moving average is $18.17 and its 200 day moving average is $17.55. Colony Financial Inc. has a 12 month low of $14.73 and a 12 month high of $22.18.
Colony Financial (NYSE:CLNY) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.23. Colony Financial had a net margin of 16.89% and a return on equity of 3.09%. During the same quarter last year, the company earned $0.44 EPS. Equities research analysts forecast that Colony Financial Inc. will post $2.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.00%. The ex-dividend date was Wednesday, September 28th. Colony Financial’s payout ratio is presently 166.67%.
Several analysts have issued reports on CLNY shares. Zacks Investment Research upgraded shares of Colony Financial from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Wedbush started coverage on shares of Colony Financial in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.20.
About Colony Financial
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.