Colony Capital (NYSE:CLNY) posted its quarterly earnings results on Friday. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.32), MarketWatch Earnings reports. Colony Capital had a negative net margin of 19.50% and a negative return on equity of 5.22%. The company had revenue of $632.90 million during the quarter, compared to analyst estimates of $627.45 million. The firm’s revenue was down 5.1% compared to the same quarter last year.
CLNY stock traded down $0.01 during midday trading on Friday, hitting $5.05. 1,697,178 shares of the company’s stock were exchanged, compared to its average volume of 1,918,737. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 8.15 and a beta of 1.53. Colony Capital has a 1-year low of $4.55 and a 1-year high of $7.18.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.44 annualized dividend and a yield of 8.71%. Colony Capital’s dividend payout ratio (DPR) is 70.97%.
A number of hedge funds have recently bought and sold shares of CLNY. Norges Bank acquired a new stake in Colony Capital during the fourth quarter worth $30,418,000. Fosun International Ltd increased its stake in Colony Capital by 19.8% during the fourth quarter. Fosun International Ltd now owns 16,686,165 shares of the real estate investment trust’s stock worth $78,092,000 after acquiring an additional 2,758,934 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Colony Capital by 141.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,579,491 shares of the real estate investment trust’s stock worth $21,432,000 after acquiring an additional 2,679,368 shares during the last quarter. Odey Asset Management Group Ltd boosted its position in shares of Colony Capital by 76.4% during the fourth quarter. Odey Asset Management Group Ltd now owns 3,890,327 shares of the real estate investment trust’s stock worth $18,207,000 after buying an additional 1,684,327 shares during the period. Finally, Mackay Shields LLC boosted its position in shares of Colony Capital by 674.0% during the fourth quarter. Mackay Shields LLC now owns 1,503,751 shares of the real estate investment trust’s stock worth $7,037,000 after buying an additional 1,309,474 shares during the period. 83.37% 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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