Colony Capital Inc (CLNY) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.44. Analysts expectations of $187.03 million.
Many Wall Street Analysts have commented on Colony Capital Inc. Company shares were Upgraded by FBR Capital on Jun 6, 2016 to ” Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $18 .
Colony Capital Inc opened for trading at $17.89 and hit $18.17 on the upside on Friday, eventually ending the session at $17.97, with a gain of 0.50% or 0.09 points. The heightened volatility saw the trading volume jump to 5,48,190 shares. Company has a market cap of $2,044 M.
In a different news, on Mar 22, 2016, Richard B Saltzman (CEO) purchased 75,000 shares at $16.50 per share price. According to the SEC, on Jan 8, 2015, Kevin P. Traenkle (Chief Investment Officer) sold 6,868 shares at $24.26 per share price. On Jan 8, 2015, Darren J. Tangen (COO and CFO) sold 4,647 shares at $24.26 per share price, according to the Form-4 filing with the securities and exchange commission.
Colony Capital Inc. formerly Colony Financial Inc. is a diversified commercial real estate and investment management company that owns a portfolio of real estate equity and debt investments at risk-adjusted returns. The Company operates in four segments: real estate debt investments which include originated and acquired commercial real estate debt mortgage-backed securities and other debt-related investments; a portfolio of light industrial real estate assets and associated operating platform acquired from Cobalt Capital Partners L.P. and its affiliates; single-family residential rentals through its investment in CAH OP and other real estate equity investments which include real estate acquired in settlement of loans or from acquisition of operating properties common equity in real estate or related companies and certain preferred equity investments with profit participation meeting certain risk or return profiles.