Prudential Financial Inc. raised its position in shares of Colony Financial Inc. (NYSE:CLNY) by 16.6% during the second quarter, Holdings Channel reports. The fund owned 478,253 shares of the company’s stock after buying an additional 68,200 shares during the period. Prudential Financial Inc. owned approximately 0.42% of Colony Financial worth $7,341,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Pitcairn Co. raised its stake in Colony Financial by 9.0% in the second quarter. Pitcairn Co. now owns 12,044 shares of the company’s stock valued at $184,000 after buying an additional 993 shares in the last quarter. Strs Ohio raised its stake in Colony Financial by 3.0% in the second quarter. Strs Ohio now owns 37,500 shares of the company’s stock valued at $575,000 after buying an additional 1,100 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Colony Financial by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 75,930 shares of the company’s stock valued at $1,166,000 after buying an additional 1,348 shares in the last quarter. Nationwide Fund Advisors raised its stake in Colony Financial by 1.3% in the second quarter. Nationwide Fund Advisors now owns 107,704 shares of the company’s stock valued at $1,653,000 after buying an additional 1,397 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Colony Financial by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 15,633 shares of the company’s stock valued at $240,000 after buying an additional 1,890 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.
Colony Financial Inc. (NYSE:CLNY) opened at 17.81 on Friday. The company’s 50-day moving average price is $18.18 and its 200-day moving average price is $17.51. Colony Financial Inc. has a 52 week low of $14.73 and a 52 week high of $22.18. The company has a market capitalization of $2.03 billion, a P/E ratio of 17.26 and a beta of 0.83.
Colony Financial (NYSE:CLNY) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.23. Colony Financial had a return on equity of 3.09% and a net margin of 16.89%. During the same quarter last year, the business posted $0.44 EPS. On average, equities analysts forecast that Colony Financial Inc. will post $2.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend is Wednesday, September 28th. Colony Financial’s dividend payout ratio (DPR) is currently 166.67%.
Several research firms recently issued reports on CLNY. Wedbush began coverage on Colony Financial in a research report on Wednesday. They set an “outperform” rating and a $26.00 price target on the stock. Zacks Investment Research raised Colony Financial from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.20.
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.
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