CLNY - Colony Capital, Inc.

NYSE - NYSE Delayed Price. Currency in USD
4.8600
+0.0800 (+1.67%)
At close: 4:05PM EST
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Previous Close4.7800
Open4.7800
Bid0.0000 x 3200
Ask4.8500 x 900
Day's Range4.7800 - 4.9000
52 Week Range4.3200 - 6.2800
Volume1,899,137
Avg. Volume2,862,133
Market Cap2.37B
Beta (3Y Monthly)1.40
PE Ratio (TTM)N/A
EPS (TTM)-3.1780
Earnings DateFeb 5, 2020 - Feb 8, 2020
Forward Dividend & Yield0.44 (9.05%)
Ex-Dividend Date2019-12-30
1y Target Est7.00
  • Business Wire

    INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Colony Capital, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Colony Capital, Inc. (“Colony” or “the Company”) (NYSE: CLNY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Colony announced its financial results for the third quarter of 2019 on November 8, 2019, during pre-market hours.

  • Business Wire

    ROSEN, A GLOBALLY RANKED LAW FIRM, Announces Investigation of Securities Claims Against Colony Capital, Inc. – CLNY

    Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Colony Capital, Inc. resulting from allegations that Colony may have issued materially misleading business information to the investing public.

  • GlobeNewswire

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Colony Capital, Inc. - CLNY

    Pomerantz LLP is investigating claims on behalf of investors of  Colony Capital, Inc. (“Colony” or the “Company”) (NYSE:  CLNY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Colony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

  • Bloomberg

    Sam Zell Says He’s Buying Distressed Oil Assets During the Slowdown

    (Bloomberg) -- Real estate billionaire Sam Zell says he’s a buyer of distressed assets as the U.S. oil sector sees a slowdown.He’s bought assets in California, Colorado and Texas at fire-sale prices from companies that are raising cash in anticipation of potential problems in the future, Zell said Thursday in an interview on Bloomberg TV. He said some oil companies are running out of money to drill and are selling their cash flow to raise more capital.“The amount of capital available in the oil patch is disappearing,” Zell said Thursday. “I compared it to the real estate industry in the early 1990s, where you had empty buildings all over the place, nobody had cash."The U.S. oil sector is seeing a decline in the number of active drill rigs as the equity and debt markets remain closed to most exploration and production companies. Chesapeake Energy Corp., once the second-biggest U.S. producer of natural gas, warned investors last week that it may not be viable as a “going concern” if low oil and gas prices persist.‘Keep The Game Going’Zell and Tom Barrack Jr.’s Colony Capital Inc. said in September that they were teaming up to create Alpine Energy Capital LLC, a rebrand of Colony HB2 Energy, which was formed in 2018 and recently closed a $320 million investment with California Resources Corp.That deal was structured as a so-called DrillCo, in which private investors pay to drill certain fields. Once oil begins flowing, the private firm receives the majority of the cash flow until costs are recouped and pre-agreed profit targets are attained.“The seller in that was a big company -- not in trouble but not terribly liquid, and therefore looking for ways to, in effect, get somebody else to put up the money to keep the game going,” Zell said. “What we’re seeing are situations where companies are taking steps in anticipation of problems rather than responding to problems.”(Updates with Alpine Energy background beginning in fifth paragraph.)To contact the reporters on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.net;Alix Steel in New York at asteel6@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Digital Colony Acquires Beanfield Technologies Inc.
    PR Newswire

    Digital Colony Acquires Beanfield Technologies Inc.

    Investment Deepens Digital Colony's Fiber Footprint Across Canada's Two Largest Metropolitan Areas Neutral-Host Platform Provides Additional Bandwidth for Digital Colony to Meet Increasing Demands of Enterprise, ...

  • ACCESSWIRE

    Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Colony Capital, Inc. (CLNY)

    NEW YORK, NY / ACCESSWIRE / November 11, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Colony Capital, Inc. ("Colony" or the "Company") ...

  • GlobeNewswire

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Colony Capital, Inc. - CLNY

    Pomerantz LLP is investigating claims on behalf of investors of  Colony Capital, Inc. (“Colony” or the “Company”) (NYSE:  CLNY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Colony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

  • Colony Capital (CLNY) Q3 FFO and Revenues Surpass Estimates
    Zacks

    Colony Capital (CLNY) Q3 FFO and Revenues Surpass Estimates

    Colony Capital (CLNY) delivered FFO and revenue surprises of 26.67% and 16.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Colony Capital Announces Third Quarter 2019 Financial Results and Strategic Asset Review Update

    Colony Capital, Inc. and subsidiaries today announced its financial results for the third quarter ended September 30, 2019 and the Company’s Board of Directors declared a fourth quarter 2019 cash dividend of $0.11 per share to holders of Class A and Class B common stock.

  • Barrack’s Colony Proposes Deal With Colony Credit Real Estate
    Bloomberg

    Barrack’s Colony Proposes Deal With Colony Credit Real Estate

    (Bloomberg) -- Tom Barrack’s Colony Capital Inc. has proposed a transaction that would transfer the management of $2.5 billion of equity parked in private credit funds to an affiliated real estate investment trust, Colony Credit Real Estate Inc.Colony Capital also wants to end a management agreement with the REIT in a process known as internalization, Colony Credit said Thursday, confirming an earlier report by Bloomberg News.Colony, the REIT’s largest shareholder, is seeking to move the management of its private credit funds and other related vehicles to the Colony Credit Real Estate business, which will be renamed. The move would roughly double Colony Credit’s equity under management to at least $5.5 billion, based on filings as of June 30.Over the years, some externally managed REITs have gone through the process of internalization, which removes potential conflicts of interest and is typically well received by investors. In a letter to Colony Credit’s independent directors, Barrack states that the transaction would make the REIT “attractive to a larger investor base, with a reduced cost of capital and strong growth prospects.”Colony Credit currently pays Colony a management fee as part of its arrangement. The payments totaled $22.7 million for the six months ended June 30, according to a filing.Colony has a 36.4% stake in Colony Credit. It’s proposing that Colony Credit manage certain existing credit investments that will remain owned by Colony, the letter says.“Colony Capital believes the internalization would be a beneficial and value-enhancing step for the company and all of its shareholders,” Barrack wrote in the letter, adding that a deal would be accretive to the REIT’s earnings in the first year after it closes.Colony envisions its president Darren Tangen and chief investment officer Kevin Traenkle, who is also chief executive officer of Colony Credit Real Estate, serving in senior leadership roles at Colony Credit Real Estate, the letter says.As long as Colony has a meaningful equity stake in the REIT, it expects to retain some board representation, Barrack added. A decision against the pursuit of a transaction will “not adversely affect” Colony’s relationship with Colony Credit Real Estate, the letter states.There’s no assurance the companies will reach an agreement with respect to an internalization, Colony Credit said in a statement.The REIT, which posted a quarterly loss driven by roughly $385 million in write-downs, said it would divest a non-strategic portfolio. Proceeds will be reinvested into assets that are deemed core, it said.Colony Credit also said it would cut its dividend to 10 cents for November and December, a substantial decline from the 14.5 cents it has paid since early 2018.Colony Credit was among the Colony assets that Oaktree Capital Group held preliminary talks to acquire late in 2018, Bloomberg reported earlier this year.Colony said in February it would conduct a strategic review and has been shedding non-core assets. In September, it agreed to sell its warehouse portfolio for $5.9 billion and also closed on the sale of an affiliate, Northstar Realty Europe, to a unit of AXA SA.Colony has signaled an intention to focus on digital real estate and infrastructure by acquiring Digital Bridge Holdings and selecting its co-founder Marc Ganzi as Barrack’s successor.(Removes extraneous number at end of second paragraph.)To contact the reporter on this story: Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Should You Take Comfort From Insider Transactions At Colony Capital, Inc. (NYSE:CLNY)?
    Simply Wall St.

    Should You Take Comfort From Insider Transactions At Colony Capital, Inc. (NYSE:CLNY)?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

  • Did Hedge Funds Drop The Ball On Colony Capital Inc (CLNY) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Colony Capital Inc (CLNY) ?

    Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]

  • Business Wire

    Colony Capital, Inc. Announces Third Quarter 2019 Earnings Release and Conference Call Date

    Colony Capital, Inc. (“Colony Capital” or the “Company”) (CLNY) today announced it will release third quarter 2019 financial results before the market opens on Friday, November 8, 2019. The Company will conduct a conference call to discuss the results the same day at 7:00 a.m. PT / 10:00 a.m. ET. International callers should dial (201) 689-8471.

  • Digital Colony Hires Leslie Wolff Golden as Managing Director
    CNW Group

    Digital Colony Hires Leslie Wolff Golden as Managing Director

    BOCA RATON, Fla. , Oct. 2, 2019 /CNW/ -- Digital Colony, the global digital infrastructure investment platform of Colony Capital, Inc. (CLNY) and a leading investor, owner and operator of companies enabling the next generation of mobile and internet connectivity, today announced that it has appointed Leslie Wolff Golden as Managing Director. Golden brings more than 25 years of experience in infrastructure and private equity investing, investment banking and capital markets to the Digital Colony team.

  • American City Business Journals

    In $5.9B deal, Blackstone to acquire last-mile logistics real estate portfolio from Colony

    An affiliate of Blackstone (NYSE: BX) has entered into a definitive agreement to purchase a Dallas-based industrial platform. For $5.9 billion, Blackstone Real Estate Partners IX plans to acquire Colony Industrial from Colony Capital Inc. (NYSE: CLNY). Colony is expected to receive more than $1.2 billion in aggregate net sales proceeds.

  • Business Wire

    Colony Capital Completes Sale of NorthStar Realty Europe to AXA Investment Managers – Real Assets

    Colony Capital, Inc. (CLNY) (“Colony Capital” or the “Company”) announced today it has completed the sale of NorthStar Realty Europe Corp. (NRE), a REIT managed by the Company, to AXA Investment Managers – Real Assets (“AXA IM – Real Assets”). The definitive agreement for NRE to be acquired was announced on July 3, 2019 and approved by NRE’s stockholders on September 25, 2019.

  • Benzinga

    Blackstone Puts Money Where Mouth Is By Dropping $5.9 Billion For Colony Industrial's Last-Mile Logistics Network

    Top executives at Blackstone Group's real estate unit have said repeatedly that last-mile logistics real estate is the unit's "highest-conviction global investment themes." They backed up that claim on September 30 by paying $5.9 billion for the U.S. last-mile portfolio of Colony Industrial, the industrial unit of investment firm Colony Capital (NYSE: CLNY). The transaction nets the Blackstone unit 465 so-called "light industrial" buildings with a total of more than 60 million square feet in 26 markets.

  • Benzinga

    Blackstone To Acquire Colony Capital For $5.9B In Last-Mile Delivery Play

    Blackstone Group Inc  (NYSE: BX ) shares were trading lower Monday after the private equity firm announced it will acquire U.S. logistics assets from Colony Capital, Inc. (NYSE: CLNY ) for $5.9 billion. ...

  • Blackstone to buy U.S. warehouses from Colony Capital in $5.9 billion deal
    Reuters

    Blackstone to buy U.S. warehouses from Colony Capital in $5.9 billion deal

    Shares of Colony Capital jumped 14% to $6.72 before the bell. The deal by one of the world's biggest property investors comes at a time when companies are spending billions of dollars to snap up logistics assets as a surge in e-commerce activity spurs demand for delivery and warehouse services. Blackstone said in June it would buy U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally.

  • MarketWatch

    Blackstone to buy Colony Capital industrial real estate assets in a $5.9 billion deal

    Blackstone Group Inc. affiliate Blackstone Real Estate Partners IX confirmed Monday a deal to buy Colony Industrial, the industrial real estate assets and industrial operating platform of Colony Capital, for $5.9 billion, including debt. Colony Industrial's portfolio represents about 60 million square feet of assets across 465 industrial buildings in 26 U.S. markets. The deal includes Colony's 51% interest in a 4 million square foot portfolio of bulk distribution assets. The deal announcement confirms a report in The Wall Street Journal that said a deal was planned to be announced Monday. Blackstone's stock, which was still inactive in premarket trading, has soared 68.5% year to date, while the Dow Jones Industrial Average has gained 15.0%.