155,000 Shares in Colony Capital Inc (CLNY) Purchased by Ropes Wealth Advisors LLC

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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 stock opened at $5.77 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.68 and a current ratio of 3.68. Colony Capital Inc has a one year low of $5.28 and a one year high of $12.75.

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.

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Institutional Ownership by Quarter for Colony Capital (NYSE:CLNY)

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