Colony Capital Inc (CLNY) to Issue $0.11 Quarterly Dividend

Colony Capital Inc (NYSE:CLNY) declared a quarterly dividend on Monday, May 13th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.11 per share by the real estate investment trust on Monday, July 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Thursday, June 27th.

Colony Capital has decreased its dividend by an average of 41.9% annually over the last three years. Colony Capital has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Colony Capital to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 86.3%.

CLNY stock opened at $5.03 on Tuesday. The stock has a market capitalization of $2.40 billion, a PE ratio of 8.11 and a beta of 1.53. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.51 and a quick ratio of 3.51. Colony Capital has a 12 month low of $4.55 and a 12 month high of $7.18.

Colony Capital (NYSE:CLNY) last posted its earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). The company had revenue of $632.90 million during the quarter, compared to the consensus estimate of $627.45 million. Colony Capital had a negative return on equity of 5.22% and a negative net margin of 19.50%. Colony Capital’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Colony Capital will post 0.5 EPS for the current year.

CLNY has been the subject of a number of research reports. Zacks Investment Research raised shares of Colony Capital from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine upgraded shares of Colony Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 21st.

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About Colony Capital

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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Dividend History for Colony Capital (NYSE:CLNY)

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