Technical Outlook And Game Plan For Colony Capital Inc. (NYSE: CLNY)


    BlackRock Fund Advisors has recently announced that it has increased stake in Colony Capital Inc. (NYSE:CLNY) by 42.25%. After grabbing 36.51 million shares, the institutional investor is now in possession of 10.84 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 7.59% having worth around $70.1 million. Moreover, SSgA Funds Management, Inc. increased its share by 4.07 million to have a control over 17.22 million shares. And Handelsbanken Fonder AB raised its holdings to 1.2 million shares by acquiring 9.6 million shares or 2.00% of the stake.

    Colony Capital Inc. (CLNY) concluded trading on 08/26/20 at a closing price of $2.80, with 6.78 million shares of worth about $18.98 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 0.36% during that period and on Wednesday the price saw a loss of about -1.41%. Currently the company’s common shares owned by public are about 471.25M shares, out of which, 470.01M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the CLNY stock and their offered price forecasts bring an average price target of $3.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $2.50. Analysts also issued an outlook of 2.50 for the Colony Capital Inc. stock for next 12 months. The stock’s current price level is 13.85% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.0 for the stock. However, touching the estimated high of $4.00 would mean a gain of 30.0% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 5,070,127 shares in 16 of the transactions. In 10 selling transactions, insiders dumped 1,387,968 shares.

    Caisse de Dépôt & Placement du Qu, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Colony Capital Inc. Caisse de Dépôt & Placement du Qu is currently holding 32.03 million shares of worth totaling $61.5 million. The company recently came buying 5.19 million shares which brought its stake up to 6.66% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold -0.12 million shares, after which its hold over company’s outstanding shares shrunk to 4.51%, leaving 21.68 million shares with the mutual fund that have a worth of about $41.63 million. Vanguard Total Stock Market Index, after selling 13.13 million shares, have now control over 2.73% of the stake in the company. It holds 11435.0 shares of worth $25.2 million.

    Colony Capital Inc. (NYSE: CLNY) started trading at $2.87, above $0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.80, or with a loss of -1.41%. Stock saw a price change of 0.36% in past 5 days and over the past one month there was a price change of 50.54%. Year-to-date (YTD), CLNY shares are showing a performance of -41.05% which decreased to -35.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.33 but also hit the highest price of $6.14 during that period. While comparing its average daily trading volume of 8.02 million shares, we see that about 6.78 million changed hands on the day. The stock is currently trading 16.28% above its 20-day simple moving average (SMA20), while that difference is up 19.80% for SMA50 and it goes to -12.99% lower than SMA200.

    BlackRock Fund Advisors acquired 36.51 million shares of Colony Capital Inc. having value of about $70.1 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 10.84 million shares in the company valued at close to $30363810.4, or have control over 42.25% stake in the company. Colony Capital Inc. (NYSE: CLNY) currently have 471.25M outstanding shares and institutions hold larger chunk of about 77.40% of that. Holding of mutual funds in the company is about 35.08% while other institutional holders and individual stake holders have control over 41.32% and 2.75% of the stake respectively.

    The stock has a current market capitalization of $1.37B and its 3Y-monthly beta is at 1.95. It has posted earnings per share of -$7.25 in the same period. It has a debt-to-equity ratio of 5.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLNY, volatility over the week remained 6.80% while standing at 7.16% over the month.

    Analysts are in expectations that Colony Capital Inc. (CLNY) stock would likely to be making an EPS of -$0.21 in the current quarter, while forecast for next quarter ESPS is -$0.19 and it is -$0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -156.30% while it is estimated to increase by 88.10% in next year.

    Analysts at 2 brokerage firms have issued recommendations for the Colony Capital Inc. (CLNY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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