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 note issued to investors 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 downgraded Colony Capital from a hold rating to a sell rating in a report on Monday, February 4th.

Shares of CLNY opened at $5.30 on Tuesday. The company has a market capitalization of $2.62 billion, a PE ratio of 8.89 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.51 and a current ratio of 3.51. Colony Capital has a one year low of $4.55 and a one year high of $7.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend was Thursday, March 28th. Colony Capital’s payout ratio is currently 70.97%.

A number of hedge funds have recently bought and sold shares of CLNY. Russell Investments Group Ltd. raised its position in shares of Colony Capital by 168.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 41,463 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 26,002 shares during the last quarter. BlackRock Inc. boosted its stake in Colony Capital by 6.5% in the 3rd quarter. BlackRock Inc. now owns 33,923,850 shares of the real estate investment trust’s stock worth $206,595,000 after purchasing an additional 2,079,445 shares during the period. United Services Automobile Association acquired a new position in Colony Capital in the 3rd quarter worth $458,000. Hsbc Holdings PLC boosted its stake in Colony Capital by 128.5% in the 3rd quarter. Hsbc Holdings PLC now owns 159,347 shares of the real estate investment trust’s stock worth $970,000 after purchasing an additional 89,621 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Colony Capital during the 3rd quarter worth about $287,000. Hedge funds and other institutional investors own 83.28% of the company’s stock.

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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