Colony Capital Inc (NYSE:CLNY) announced a quarterly dividend on Monday, May 13th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.11 per share by the real estate investment trust on Monday, July 15th. This represents a $0.44 annualized dividend and a yield of 8.78%. The ex-dividend date of this dividend is Thursday, June 27th.
Colony Capital has decreased its dividend payment by an average of 41.9% per year over the last three years. Colony Capital has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colony Capital to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 86.3%.
Colony Capital stock opened at $5.01 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.51 and a quick ratio of 3.51. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 8.08 and a beta of 1.39. Colony Capital has a fifty-two week low of $4.55 and a fifty-two week high of $7.18. The firm has a fifty day moving average price of $5.12.
Colony Capital (NYSE:CLNY) last posted its earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.32). Colony Capital had a negative net margin of 21.02% and a negative return on equity of 5.59%. The firm had revenue of $632.90 million during the quarter, compared to analyst estimates of $627.45 million. Colony Capital’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Colony Capital will post 0.5 earnings per share for the current fiscal year.
CLNY has been the topic of several recent analyst reports. Zacks Investment Research upgraded Colony Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine upgraded Colony Capital from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st.
Colony Capital Company Profile
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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