Ropes Wealth Advisors LLC bought a new position in shares of Colony Capital Inc (NYSE:CLNY) during the third quarter, HoldingsChannel reports. The institutional investor bought 155,000 shares of the real estate investment trust’s stock, valued at approximately $944,000.
Several other large investors have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Colony Capital by 30.7% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 48,454 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 11,368 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Colony Capital during the second quarter worth $114,000. Dimensional Fund Advisors LP acquired a new stake in shares of Colony Capital during the second quarter worth $116,000. GWM Advisors LLC acquired a new stake in shares of Colony Capital during the second quarter worth $115,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Colony Capital during the second quarter worth $119,000. 81.26% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on CLNY shares. ValuEngine lowered shares of Colony Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price target for the company in a research report on Tuesday, October 9th. Finally, JMP Securities set a $9.00 price target on shares of Colony Capital and gave the stock a “buy” rating in a research report on Tuesday, October 16th.
Colony Capital (NYSE:CLNY) last released its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.28). The firm had revenue of $689.60 million for the quarter, compared to the consensus estimate of $660.51 million. Colony Capital had a negative return on equity of 3.87% and a negative net margin of 14.25%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, analysts expect that Colony Capital Inc will post 0.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.44 annualized dividend and a dividend yield of 7.63%.
Colony Capital Profile
Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 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.
Featured Article: How Do Tariffs Affect Trade Balances?
Want to see what other hedge funds are holding CLNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colony Capital Inc (NYSE:CLNY).
Receive News & Ratings for Colony Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Capital and related companies with MarketBeat.com's FREE daily email newsletter.