Colony Capital (CLNY) Posts Quarterly Earnings Results, Misses Expectations By $0.32 EPS

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%.



Several equities research analysts recently commented on the company. ValuEngine cut Colony Capital from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research cut Colony Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.

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.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://dakotafinancialnews.com/2019/05/11/colony-capital-clny-posts-quarterly-earnings-results-misses-expectations-by-0-32-eps.html.

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.

Featured Article: How Short Selling Works

Earnings History for Colony Capital (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.