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.
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.
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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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