VNBTrust National Association maintained its stake in shares of Colony Financial Inc. (NYSE:CLNY) during the second quarter, Holdings Channel reports. The firm owned 38,725 shares of the company’s stock at the end of the second quarter. VNBTrust National Association’s holdings in Colony Financial were worth $595,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of CLNY. Clovis Capital Management LP increased its position in shares of Colony Financial by 51.3% in the first quarter. Clovis Capital Management LP now owns 861,892 shares of the company’s stock worth $14,454,000 after buying an additional 292,091 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Colony Financial by 99.6% in the first quarter. Prudential Financial Inc. now owns 410,053 shares of the company’s stock worth $6,877,000 after buying an additional 204,600 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Colony Financial by 23.4% in the first quarter. Geode Capital Management LLC now owns 838,312 shares of the company’s stock worth $14,058,000 after buying an additional 159,234 shares in the last quarter. Guild Investment Management Inc. acquired a new position in shares of Colony Financial during the second quarter worth $2,423,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Colony Financial by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,590,567 shares of the company’s stock worth $60,214,000 after buying an additional 144,707 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Shares of Colony Financial Inc. (NYSE:CLNY) traded up 1.50% during midday trading on Tuesday, hitting $18.27. 869,918 shares of the company traded hands. Colony Financial Inc. has a 52 week low of $14.73 and a 52 week high of $22.18. The stock has a market capitalization of $2.08 billion, a P/E ratio of 17.70 and a beta of 0.94. The company has a 50-day moving average price of $18.22 and a 200-day moving average price of $17.43.
Colony Financial (NYSE:CLNY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.23. Colony Financial had a net margin of 16.89% and a return on equity of 3.09%. During the same period in the previous year, the business posted $0.44 earnings per share. Analysts anticipate that Colony Financial Inc. will post $1.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.60 annualized dividend and a yield of 8.76%. Colony Financial’s dividend payout ratio (DPR) is 166.67%.
A number of brokerages have weighed in on CLNY. FBR & Co raised shares of Colony Financial from a “mkt perform” rating to an “outperform” rating and raised their target price for the company from $18.00 to $22.00 in a research note on Monday, June 6th. Zacks Investment Research downgraded shares of Colony Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th.
Colony Financial Company Profile
Colony Capital, Inc, formerly Colony Financial, Inc, is a global real estate and investment management company. The Company operates through five segments: Real Estate Equity, including Light industrial real estate assets and operating platform; Single-family residential rentals through an investment in Colony Starwood Homes and Other real estate equity investments; Real Estate Debt, which includes loan originations and acquisitions, and Investment Management, which includes investment management of the Company-sponsored funds and other investment vehicles.
Want to see what other hedge funds are holding CLNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colony Financial Inc. (NYSE:CLNY).
Receive News & Ratings for Colony Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.