5.12 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||4.45 x 3200|
|Ask||5.11 x 900|
|Day's Range||4.99 - 5.15|
|52 Week Range||4.55 - 6.28|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 9, 2019|
|Forward Dividend & Yield||0.44 (8.58%)|
|1y Target Est||7.17|
(Bloomberg) -- Tom Barrack’s Colony Capital Inc. is exploring the sale of Colony Industrial, its unit that owns warehouses, according to people with knowledge of the matter.Colony Capital, which in February said it would conduct a strategic review as it attempts to salvage its sinking market value, is working with Eastdil Secured and Morgan Stanley to solicit interest from potential buyers for the unit, which may fetch more than $5 billion, said the people, who asked not to be identified because the talks are private. Suitors for the unit include Brookfield Asset Management Inc. Representatives for Los Angeles-based Colony Capital and Brookfield declined to comment.Colony Industrial, based in Dallas and led by Lew Friedland, has been growing. In March, it bought a portfolio of 54 buildings spanning 11.9 million square feet (1.1 million square meters) across states including California, Washington and Oregon for almost $1.2 billion.The unit’s holdings are mostly light industrial properties, which serve as the last mile of the logistics chain and are crucial for companies seeking to make speedy deliveries to consumers. The business’s assets were worth about $4.3 billion as of March 31, according to filings. Including interests held off-balance sheet, this number exceeds $5 billion, according to one of the people.The warehouse business was one of a few that was discussed when Colony Capital held preliminary talks with Oaktree Capital Group LLC late last year, Bloomberg has reported. Because of relatively strong growth and low vacancies, warehouses have remained in favor with real estate investment trusts such as Prologis Inc. and private equity firms including Blackstone Group Inc. Both companies struck large industrial deals in recent months.Real estate investor Colony Capital, which manages $43 billion, has been struggling to bounce back from a calamitous January 2017 merger with two NorthStar companies. Since the deal’s completion, its stock had fallen roughly 65% through Tuesday. The shares, which were trading as low as $4.99 earlier Wednesday, jumped to as high as $5.15 after Bloomberg reported the company was exploring a sale of the industrial unit. They traded at $5.12 at 4:02 p.m. in New York.Barrack, who was chairman of Trump’s inauguration committee, returned to the chief executive officer role at Colony last November.One of Colony’s affiliates, NorthStar Realty Europe Corp., agreed earlier this month to be acquired by Axa Investment Managers.(Updates with Brookfield as a suitor in second paragraph.)\--With assistance from Scott Deveau and Lily Katz.To contact the reporter on this story: Gillian Tan in New York at email@example.comTo contact the editors responsible for this story: Alan Goldstein at firstname.lastname@example.org, Daniel Taub, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
By John Jannarone Colony Capital (ticker: CLNY) is exploring a sale of its industrial real-estate unit, according to a Bloomberg report Wednesday, news that comes less than a week after CorpGov published an an analysis showing the company could be more valuable if it were broken up or sold outright. The asset, which is structured […]
Colony Capital, Inc. (“Colony Capital” or the “Company”) (CLNY) today announced it will release second quarter 2019 financial results before the market opens on Friday, August 9, 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.
Colony Capital Appears Undervalued with a Sum of the Parts Valuation Over $11 per Share By John Jannarone Colony Capital (ticker: CLNY) is a maze of real-estate assets that many investors have elected to avoid. But with activist Blackwells Capital’s pressure on the company, there is a clear path to big rewards. With a […]
If you want to know who really controls Colony Capital, Inc. (NYSE:CLNY), then you'll have to look at the makeup of...
(Bloomberg) -- The Trump administration will roll out the first part of its long-awaited Middle East peace plan, which aims to raise billions to help Palestinians and other Arabs in the region. Top Trump officials and business leaders will attend the unveiling of the plan, spearheaded by Jared Kushner, the president’s son-in-law, at a summit Tuesday in Bahrain.Speakers at the investment summit will include business leaders including Stephen Schwarzman, chairman of Blackstone Group, Randall Stephenson, chairman of AT&T, and Tom Barrack, chairman of Colony Capital Inc., as well as World Bank President David Malpass and IMF Managing Director Christine Lagarde, according to an administration official who declined to be identified because the details aren’t yet public.On hand from the administration will be Treasury Secretary Steven Mnuchin, special envoy Jason Greenblatt, Brian Hook, U.S. special representative for Iran, and Kevin Hassett, the outgoing chairman of the Council of Economic Advisers, and others.The White House on Saturday unveiled a proposal to raise more than $50 billion in investments for the Palestinians, the centerpiece of the Bahrain meeting and the peace plan. Palestinian officials plan to skip the event and have criticized the U.S. approach to focus first on the investment plan.Global Investment FundTrump pledged not long after his election to find the “ultimate deal” between Israel and the Palestinians. Since then, Palestinians have since essentially broken off contact, saying Trump’s strong ties to Israel do not make him an honest broker.The 40-page document from the Trump administration includes the creation of a global investment fund that the U.S. hopes will lift Palestinian and neighboring Arab state economies.The Kushner-led initiative was created with no formal Palestinian consultation, and Palestinian officials rejected the U.S. model again on Saturday after the plan was revealed.“A-B-C economics is that no monetary value can predicate or substitute economic sovereignty, which is the first requirement for prosperity,” said Hosam Zomlot, the Palestinian Authority’s ambassador to the U.K. “Omitting Israeli occupation of Palestine is self-explanatory: the plan is designed to perpetuate it.”One Million JobsThe Kushner-led plan aims to facilitate more than $50 billion in new investment over 10 years with the aim of doubling the size of the Palestinian economy over that time, creating more than 1 million jobs and cutting the poverty rate in half.More than half -- $27.8 billion -- would go to Gaza and the West Bank. Egypt would get $9.2 billion, Jordan, $7.4 billion and Lebanon $6.3 billion.A signature project would be a $5 billion transportation network connecting Gaza to the West Bank designed to “fundamentally change the Palestinian economy,” according to the White House. It would include an interurban rail line linking many of the major cities of Gaza and the West Bank -- the two separate geographic areas that split Palestinians physically -- as well as connections to regional railways such as Jordan’s.Among more than 200 proposed programs and projects are $2 billion to expand the Palestinian internet, $1 billion to help develop the Gaza Marine natural gas field, and $900 million for hospitals and health care facilities to acquire and upgrade equipment.Foreign Direct Investment“Ultimately, this project has the potential to unlock unprecedented levels of trade, grow exports, and increase foreign direct investment in the West Bank and Gaza and its neighbors -- particularly Egypt, Israel, and Jordan,” according to the White House plan.Official delegations are expected in Bahrain from 21 countries including the U.S., Japan, Oman, Egypt, Jordan, Saudi Arabia, the United Arab Emirates, Qatar, Italy, U.K. and France, according to the administration official. Total countries represented are 39.“For too long the Palestinian people have been trapped in inefficient frameworks of the past. The ‘Peace to Prosperity’ plan is a framework for a brighter, more prosperous future for the Palestinian people and the region and a vision of what is possible if there is peace,” Kushner said in a statement.‘Lift the Siege’Hanan Ashrawi, a member of the PLO Executive Committee, criticized Trump’s approach to seeking a Middle East peace accord.“First lift the siege of Gaza, stop the Israeli theft of our land, resources & funds, give us our freedom of movement & control over our borders, airspace, territorial waters etc. Then watch us build a vibrant prosperous economy as a free & sovereign people,” Ashrawi said on Twitter.Left for later -- perhaps after Israel’s elections in September -- is the political component of the plan, U.S. proposals on long-unresolved questions such as the control of Jerusalem, the fate of Israel’s West Bank settlements and the Palestinians’ aspiration for their own state.In the development plan funds would also be set aside for improved courts and other elements of Palestinian governance, but with no reference independent statehood or the other contentious elements.(Updated to include Palestinian comment.)\--With assistance from Hailey Waller, Sebastian Tong, Michael S. Arnold and Fadwa Hodali.To contact the reporters on this story: Margaret Talev in Washington at email@example.com;Rich Miller in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Matthew G. Miller at email@example.com, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Colony Capital, Inc. (CLNY) (“Colony Capital,” or the “Company”), a leading global investment management firm with assets under management of $43 billion, today announced that its Board of Directors appointed Ms. Dale Anne Reiss as a new independent director, effective immediately. Thomas J. Barrack, Jr., Executive Chairman and Chief Executive Officer of Colony Capital, said, “We are extremely pleased to have Dale Reiss join our Board.
Colony Capital, Inc. (CLNY) and subsidiaries (collectively, “Colony Capital,” or the “Company”) has successfully completed the refinancing of its prior $1.725 billion consolidated healthcare loan maturing in December 2019. Ventas, Inc. (VTR), a leading healthcare real estate investment trust, is continuing its strong relationship with the Company through an investment in the entire junior tranche of $490 million. The Company’s ownership position in these properties is 70%.
Colony Capital, Inc. is a US$2.7b mid-cap, real estate investment trust (REIT) based in Los Angeles, United States...
Two hotels in Chandler under the Hilton Hotels Corp. (NYSE: HLT) flag recently underwent full-scale, property-wide renovations that include modernization of all guest rooms, suites, meeting spaces and common areas. The two properties, Homewood Suites by Hilton Phoenix-Chandler and the Hampton Inn & Suites Phoenix-Chandler, are next to each other just off Interstate 10 and north of Chandler Boulevard. The renovations at both hotels were similar with new high-quality public spaces with upgraded decor.
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
Digital Colony, a private equity firm backed by U.S. real estate investor Thomas Barrack and Digital Bridge Holdings, said on Wednesday it had raised $4.05 billion to invest in digital infrastructure, seeking to capitalize on new technologies such as 5G wireless networks. Buyout funds focusing on infrastructure investments have typically put their money in physical assets such as airports, bridges and toll roads. Digital Colony's fund illustrates how investors are now also seeking assets that support the digital economy driven by big data and artificial intelligence.
BOCA RATON, Fla., June 5, 2019 /PRNewswire/ -- Digital Colony Management, LLC ("Digital Colony"), a global investment firm dedicated to strategic opportunities in digital infrastructure, today announced the final closing of its inaugural fund, Digital Colony Partners, LP ("the Fund"), with $4.05 billion in commitments, surpassing its original target of $3.0 billion. Digital Colony was launched in 2018 by Digital Bridge Holdings, LLC, a leading investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, Inc. (CLNY), a leading global real estate and investment management firm.
Digital Colony, a private equity firm backed by U.S. real estate investor Thomas Barrack, has raised $4.05 billion to invest in digital infrastructure, seeking to capitalize on new technologies such as 5G wireless networks and the Internet of Things (IoT), according to people familiar with the matter. Buyout funds focusing on infrastructure investments have typically put their money in physical assets such as airports, bridges and toll roads. Digital Colony's fund illustrates how investors are now also seeking assets that support the digital economy driven by big data and artificial intelligence.
Central Florida — particularly Orange County — has seen an influx of investment dollars in the past half-decade from REITs.
Private equity firm Colony Latam Partners, part of Los Angeles-based investment group Colony Capital Inc, will invest up to $5 billion in Mexico, Chile, Colombia and Peru over the next several years, executives said on Wednesday. In a bid to seize opportunities despite what it described as an unclear political climate, Colony Latam plans to devote more than half its funding to Mexico, focusing on real estate, clean energy and credit financing.
Prologis Inc. — the largest industrial real estate company in the world — wants to pour more money into Central Floirda. The San Francisco-based real estate investment trust (NYSE: PLD) expects to grow its footprint to 12 million square feet of industrial space in Orlando from 7 million square feet, said Denver Glazier, an investment officer at Prologis.
FrontFour Capital Group is a Greenwich, Connecticut-based hedge fund that was founded by David A. Lorber and Zachary Ryan George J.D. in 2006. The fund is currently run by its two founders and Stephen Loukas. Before co-founding FrontFour Capital Group, David A. Lorber was a Senior Investment Analyst at Pirate Capital and Equity Analyst at […]
FrontFour Capital Group was launched back in 2006 as an employee owned hedge fund sponsor. It mainly provides its services to pooled investment vehicles and utilizes an event-driven and opportunistic strategy. The fund's headquarters are in Greenwich, Connecticut and currently is run by David Lorber, Stephen Loukas, and Zachary George. Mr. David A.Lorber, one of […]
Colony Capital (CLNY) delivered FFO and revenue surprises of -30.77% and 2.32%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The real estate investment trust, based in Los Angeles, said it had funds from operations of $47.7 million, or 9 cents per share, in the period. Funds from operations is a closely watched measure in the ...
Colony Capital, Inc. and subsidiaries today announced its financial results for the first quarter ended March 31, 2019 and the Company’s Board of Directors declared a second quarter 2019 cash dividend of $0.11 per share to holders of Class A and Class B common stock.
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]