Stock Traders Purchase High Volume of Colony Capital Put Options (CLNY)

Colony Capital Inc (NYSE:CLNY) saw some unusual options trading on Thursday. Investors bought 10,000 put options on the stock. This represents an increase of approximately 7,307% compared to the typical daily volume of 135 put options.

Several equities research analysts have recently issued reports on CLNY shares. ValuEngine upgraded shares of Colony Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. JMP Securities set a $9.00 price objective on shares of Colony Capital and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research upgraded shares of Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective on the stock in a research note on Tuesday, October 9th.

Shares of Colony Capital stock opened at $6.13 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 6.72 and a beta of 1.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.68 and a current ratio of 3.68. Colony Capital has a 1 year low of $5.28 and a 1 year high of $12.74.

Colony Capital (NYSE:CLNY) last announced its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.28). The company had revenue of $674.77 million during the quarter, compared to analyst estimates of $673.20 million. Colony Capital had a negative return on equity of 3.87% and a negative net margin of 14.25%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Colony Capital will post 0.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.11 dividend. The ex-dividend date is Friday, December 28th. This represents a $0.44 annualized dividend and a dividend yield of 7.18%.

Several institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in shares of Colony Capital by 9.0% in the third quarter. Canada Pension Plan Investment Board now owns 454,200 shares of the real estate investment trust’s stock worth $2,766,000 after acquiring an additional 37,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Colony Capital in the third quarter worth $790,000. Penn Mutual Asset Management LLC acquired a new stake in shares of Colony Capital in the third quarter worth $2,149,000. BlackRock Inc. grew its stake in shares of Colony Capital by 6.5% in the third quarter. BlackRock Inc. now owns 33,923,850 shares of the real estate investment trust’s stock worth $206,595,000 after acquiring an additional 2,079,445 shares during the last quarter. Finally, Fosun International Ltd grew its stake in shares of Colony Capital by 8.1% in the third quarter. Fosun International Ltd now owns 13,927,231 shares of the real estate investment trust’s stock worth $84,816,000 after acquiring an additional 1,038,613 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

WARNING: “Stock Traders Purchase High Volume of Colony Capital Put Options (CLNY)” was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.wkrb13.com/2018/11/10/stock-traders-purchase-high-volume-of-colony-capital-put-options-clny.html.

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.

Recommended Story: Closed-End Mutual Funds

Receive News & Ratings for Colony Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply