Colony Capital (NYSE:CLNY) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Colony Capital (NYSE:CLNY) from a hold rating to a sell rating in a research note released on Monday, February 4th.

A number of other research firms also recently weighed in on CLNY. Zacks Investment Research downgraded shares of Colony Capital from a buy rating to a hold rating in a research note on Monday, February 4th. JMP Securities set a $9.00 price target on shares of Colony Capital and gave the stock a buy rating in a research note on Tuesday, October 16th.

Shares of NYSE CLNY traded down $0.30 during trading on Monday, reaching $5.26. The company had a trading volume of 6,270,444 shares, compared to its average volume of 2,587,705. Colony Capital has a 52 week low of $4.55 and a 52 week high of $7.18. The company has a market cap of $2.97 billion, a PE ratio of 8.29 and a beta of 1.61. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.98.

In other news, insider Neale Redington sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $6.00, for a total value of $90,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.75% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in CLNY. FMR LLC acquired a new position in shares of Colony Capital in the second quarter valued at approximately $144,070,000. Northern Trust Corp acquired a new position in Colony Capital during the second quarter worth $34,430,000. Allianz Asset Management GmbH boosted its holdings in Colony Capital by 162.2% during the third quarter. Allianz Asset Management GmbH now owns 5,160,911 shares of the real estate investment trust’s stock worth $31,430,000 after purchasing an additional 3,192,411 shares during the last quarter. Fosun International Ltd boosted its holdings in Colony Capital by 19.8% during 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 purchasing an additional 2,758,934 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Colony Capital by 141.0% during 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 purchasing an additional 2,679,368 shares during the last quarter. Institutional investors own 79.77% 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 $44 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.

See Also: Asset Allocation, Balancing Your Investments

To view ValuEngine’s full report, visit ValuEngine’s official website.

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