Wells Fargo & Company MN cut its holdings in Colony Capital Inc (NYSE:CLNY) by 18.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 889,739 shares of the real estate investment trust’s stock after selling 201,933 shares during the quarter. Wells Fargo & Company MN’s holdings in Colony Capital were worth $4,449,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CLNY. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Colony Capital by 7.2% in the first 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 buying an additional 1,944,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Colony Capital by 153.3% in the first quarter. JPMorgan Chase & Co. now owns 1,237,860 shares of the real estate investment trust’s stock valued at $6,585,000 after buying an additional 749,092 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Colony Capital by 339.2% in the second quarter. First Trust Advisors LP now owns 393,972 shares of the real estate investment trust’s stock valued at $1,970,000 after buying an additional 304,275 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Colony Capital by 83.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 564,081 shares of the real estate investment trust’s stock valued at $2,820,000 after buying an additional 255,796 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Colony Capital in the first quarter valued at $1,345,000. Institutional investors own 79.32% of the company’s stock.
A number of brokerages have recently weighed in on CLNY. ValuEngine lowered Colony Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded Colony Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, B. Riley set a $8.00 price objective on Colony Capital and gave the stock a “buy” rating in a research report on Wednesday, August 21st.
Colony Capital (NYSE:CLNY) last issued its earnings results on Friday, August 9th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). Colony Capital had a negative return on equity of 9.60% and a negative net margin of 36.96%. The company had revenue of $573.40 million for the quarter, compared to the consensus estimate of $669.45 million. During the same quarter last year, the business posted $0.18 EPS. Colony Capital’s quarterly revenue was down 16.9% on a year-over-year basis. On average, research analysts anticipate that Colony Capital Inc will post 0.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Friday, September 27th. Colony Capital’s dividend payout ratio (DPR) is currently 70.97%.
In other Colony Capital news, Director Raymond C. Mikulich acquired 20,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $4.56 per share, for a total transaction of $91,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig M. Hatkoff bought 23,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $4.42 per share, for a total transaction of $101,660.00. Following the purchase, the director now directly owns 61,218 shares in the company, valued at approximately $270,583.56. The disclosure for this purchase can be found here. 7.02% of the stock is currently owned by company insiders.
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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