Zacks Investment Research upgraded shares of Colony Capital (NYSE:CLNY) from a hold rating to a strong-buy rating in a report released on Tuesday. The firm currently has $6.75 target price on the real estate investment trust’s stock.

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 raised Colony Capital from a sell rating to a hold rating in a report on Monday, July 2nd.

NYSE:CLNY opened at $5.46 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 1.00. Colony Capital has a 1 year low of $5.28 and a 1 year high of $12.75.

Colony Capital (NYSE:CLNY) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.28). The business had revenue of $689.60 million during the quarter, compared to analysts’ expectations of $660.51 million. Colony Capital had a negative return on equity of 3.87% and a negative net margin of 14.25%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Equities analysts anticipate that Colony Capital will post 0.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 8.06%. The ex-dividend date is Thursday, September 27th.

A number of institutional investors have recently bought and sold shares of CLNY. BlackRock Inc. acquired a new stake in Colony Capital in the second quarter valued at $198,709,000. FMR LLC acquired a new stake in Colony Capital in the second quarter valued at $144,070,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Colony Capital in the second quarter valued at $142,457,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Colony Capital in the second quarter valued at $133,604,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Colony Capital in the second quarter valued at $91,506,000. 81.19% of the stock is currently owned by institutional investors.

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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