Colony Capital Inc (CLNY) was Upgraded by FBR Capital to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $18 . Earlier the firm had a rating of “Mkt Perform ” on the company shares. FBR Capital advised their investors in a research report released on Jun 6, 2016.
On the company’s financial health, Colony Capital Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 206.59.
Colony Capital Inc closed down -1.01 points or -5.50% at $17.35 with 90,91,485 shares getting traded on Friday. Post opening the session at $18.61, the shares hit an intraday low of $16.99 and an intraday high of $18.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.