Colony Financial (NASDAQ:CLNY) declared a quarterly dividend on Tuesday, June 4th, AnalystRatingsNetwork reports. Shareholders of record on Friday, June 28th will be given a dividend of $0.35 per share on Monday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 6.44%.
A number of research firms have also recently commented on CLNY. Analysts at Zacks downgraded shares of Colony Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, May 17th. They now have a $22.10 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Colony Financial from $25.00 to $26.00 in a research note to investors on Wednesday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Colony Financial from $23.00 to $25.00 in a research note to investors on Wednesday, May 8th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.43.
Colony Financial (NASDAQ: CLNY) opened at 21.86 on Tuesday. Colony Financial has a 1-year low of $16.40 and a 1-year high of $23.73. The stock’s 50-day moving average is currently $22.50. The company has a market cap of $1.412 billion and a price-to-earnings ratio of 19.20.
Colony Financial (NASDAQ: CLNY) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.04. On average, analysts predict that Colony Financial will post $1.36 earnings per share for the current fiscal year.
Colony Financial, Inc. is a real estate finance company that was organized to acquire, originate and manage a diversified portfolio of real estate-related debt instruments.