Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Colony Capital Inc (NYSE:CLNY) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,331 shares of the real estate investment trust’s stock after acquiring an additional 5,677 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Colony Capital were worth $477,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec raised its position in Colony Capital by 7.2% during 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 acquiring an additional 1,944,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Colony Capital by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 4,783,039 shares of the real estate investment trust’s stock valued at $22,384,000 after purchasing an additional 193,353 shares during the period. Timbercreek Investment Management Inc. grew its holdings in Colony Capital by 14.6% in the second quarter. Timbercreek Investment Management Inc. now owns 1,657,196 shares of the real estate investment trust’s stock valued at $8,369,000 after purchasing an additional 210,700 shares during the period. Boston Partners grew its holdings in Colony Capital by 100.1% in the first quarter. Boston Partners now owns 1,556,589 shares of the real estate investment trust’s stock valued at $8,281,000 after purchasing an additional 778,651 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Colony Capital by 23.3% in the second quarter. JPMorgan Chase & Co. now owns 1,526,823 shares of the real estate investment trust’s stock valued at $7,665,000 after purchasing an additional 288,963 shares during the period. Institutional investors own 79.67% of the company’s stock.
NYSE CLNY traded up $0.11 on Thursday, reaching $4.92. 76,007 shares of the company were exchanged, compared to its average volume of 2,908,449. The business’s fifty day moving average price is $4.95 and its 200 day moving average price is $5.19. The stock has a market capitalization of $2.27 billion, a P/E ratio of 7.93 and a beta of 1.37. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.96. Colony Capital Inc has a fifty-two week low of $4.32 and a fifty-two week high of $6.28.
Colony Capital (NYSE:CLNY) last released its quarterly earnings data on Friday, August 9th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). The company had revenue of $573.40 million for the quarter, compared to analyst estimates of $669.45 million. Colony Capital had a negative return on equity of 9.60% and a negative net margin of 36.96%. The business’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Equities research analysts forecast that Colony Capital Inc will post 0.38 earnings per share for the current year.
Several brokerages have commented on CLNY. B. Riley set a $8.00 price objective on Colony Capital and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research raised Colony Capital from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, ValuEngine lowered Colony Capital from a “buy” rating to a “hold” rating in a report on Wednesday.
In other news, Director Craig M. Hatkoff acquired 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average price of $4.42 per share, for a total transaction of $101,660.00. Following the acquisition, the director now owns 61,218 shares of the company’s stock, valued at $270,583.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond C. Mikulich acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $4.56 per share, for a total transaction of $91,200.00. The disclosure for this purchase can be found here. Insiders own 7.02% of the company’s stock.
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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