B. Riley Weighs in on Colony Capital Inc’s Q2 2020 Earnings (NYSE:CLNY)

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Colony Capital Inc (NYSE:CLNY) – Research analysts at B. Riley increased their Q2 2020 EPS estimates for Colony Capital in a report released on Wednesday, July 10th. B. Riley analyst R. Binner now expects that the real estate investment trust will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.14. B. Riley also issued estimates for Colony Capital’s FY2021 earnings at $0.50 EPS.

Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Shares of CLNY stock opened at $5.06 on Friday. Colony Capital has a 12-month low of $4.55 and a 12-month high of $6.31. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 8.16 and a beta of 1.31. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average price of $5.11.

Colony Capital (NYSE:CLNY) last released its earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). Colony Capital had a negative return on equity of 5.59% and a negative net margin of 21.02%. The business had revenue of $632.90 million for the quarter, compared to analyst estimates of $627.45 million. The firm’s revenue was down 5.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Thursday, June 27th. Colony Capital’s dividend payout ratio (DPR) is 70.97%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Colony Capital by 0.3% in the 4th quarter. BlackRock Inc. now owns 34,019,772 shares of the real estate investment trust’s stock valued at $159,213,000 after buying an additional 95,922 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Colony Capital by 7.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,790,113 shares of the real estate investment trust’s stock valued at $153,163,000 after acquiring an additional 1,944,000 shares in the last quarter. Norges Bank bought a new stake in Colony Capital in the 4th quarter valued at $30,418,000. Geode Capital Management LLC lifted its position in Colony Capital by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 4,783,039 shares of the real estate investment trust’s stock valued at $22,384,000 after acquiring an additional 193,353 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Colony Capital by 141.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,579,491 shares of the real estate investment trust’s stock valued at $21,432,000 after acquiring an additional 2,679,368 shares in the last quarter. 80.29% of the stock is owned by institutional investors.

Colony Capital Company 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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Earnings History and Estimates for Colony Capital (NYSE:CLNY)

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