Colony Capital (CLNY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Colony Capital (NYSE:CLNY) from a sell rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Colony Capital, Inc. is a real estate and investment management firm. The company focused on investing in real estate and real estate-related assets. It serves health care, industrial and hospitality sectors. The company also offers equity and debt management services. Colony Capital Inc., formerly known as Colony NorthStar Inc., is based in Los Angeles, United States. “

Separately, ValuEngine upgraded Colony Capital from a sell rating to a hold rating in a research note on Thursday, March 21st.

Shares of NYSE CLNY opened at $5.26 on Tuesday. 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 twelve month low of $4.55 and a twelve month high of $7.18. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 8.48 and a beta of 1.57.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend was Thursday, March 28th. Colony Capital’s dividend payout ratio (DPR) is presently 70.97%.

Several institutional investors have recently added to or reduced their stakes in CLNY. BlackRock Inc. raised its position in Colony Capital by 0.3% in the fourth quarter. BlackRock Inc. now owns 34,019,772 shares of the real estate investment trust’s stock worth $159,213,000 after acquiring an additional 95,922 shares in the last quarter. Fosun International Ltd raised its position in Colony Capital by 19.8% in the fourth quarter. Fosun International Ltd now owns 16,686,165 shares of the real estate investment trust’s stock worth $78,092,000 after acquiring an additional 2,758,934 shares in the last quarter. Norges Bank purchased a new position in Colony Capital in the fourth quarter worth $30,418,000. Geode Capital Management LLC raised its position 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 worth $22,384,000 after acquiring an additional 193,353 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Colony Capital by 141.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,579,491 shares of the real estate investment trust’s stock worth $21,432,000 after acquiring an additional 2,679,368 shares in the last quarter. Institutional investors and hedge funds own 83.28% 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.

Read More: Catch-Up Contributions

Get a free copy of the Zacks research report on Colony Capital (CLNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.