|Bid||4.6000 x 4000|
|Ask||4.6000 x 3000|
|Day's Range||4.5000 - 4.7300|
|52 Week Range||4.3200 - 6.2100|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 5, 2020 - Feb 8, 2020|
|Forward Dividend & Yield||0.44 (9.82%)|
|1y Target Est||7.00|
Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today issued an investor update presentation on the Company’s 2019 accomplishments, asset rotation program, recent divestiture proceeds and the allocation of such proceeds, and progress to date in establishing Colony Capital as a leading platform for digital real estate and the only global REIT that owns, manages, and operates across all components of the digital ecosystem.
Infrastructure Investor has named Digital Colony as finalist in seven categories for its Awards 2019.
Digital Colony Management, LLC ("Digital Colony"), the digital infrastructure investment platform of Colony Capital, Inc. (NYSE: CLNY), today announced Digital Colony Partners' acquisition of Highline do Brasil II Infraestrutura de Telecomunicações S/A ("Highline"), an independent infrastructure solutions provider for the telecommunications industry, from Pátria Investments ("Pátria"). Financial terms of the private investment were not disclosed. Digital Colony is a leading global investor, owner and operator of companies enabling the next generation of mobile and internet connectivity.
Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm which owns shares of Colony Credit Real Estate, Inc. (CLNC) (“Colony Credit” or the “Company”) directly and indirectly through its ownership of Colony Capital, Inc. (CLNY) (“Colony Capital”), today issued an open letter to the Company’s Board of Directors, calling for change in the leadership of Colony Credit. “Colony Credit is ideally positioned to deliver strong shareholder returns – with a broad mandate and diversified portfolio in a strong commercial real estate environment – but for a management team that has consistently failed to deliver on this opportunity,” said Jason Aintabi, Chief Investment Officer of Blackwells.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
LOS ANGELES, CA / ACCESSWIRE / December 6, 2019 / 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.
NEW YORK, NY / ACCESSWIRE / December 4, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Colony Capital, Inc. ("Colony" or the "Company") (NYSE:CLNY). Such investors ...
“I am humbled to have been selected by my peers for this recognition,” said Marc Ganzi. Mr. Ganzi has a long career as a pioneer and leading entrepreneur in digital real estate and infrastructure, and 2019 has been a year of exceptional achievements.
LOS ANGELES, CA / ACCESSWIRE / December 2, 2019 / 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.
Colony Capital, Inc. (CLNY) and subsidiaries (collectively, “Colony Capital,” or the “Company”) today announced it will host a conference call and webcast on Wednesday, December 11, 2019 at 4:30 PM Eastern Time to present an update on the Company’s asset rotation program, anticipated divestiture proceeds and the potential allocation of such proceeds, and progress to date in establishing Colony Capital as the leading platform for digital real estate and infrastructure. A question and answer session will follow the Company’s prepared remarks. In addition, an investor presentation will be posted in the Public Shareholders section of the Company’s website at www.clny.com prior to the start of the call.
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 firstname.lastname@example.org 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.
Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains. Blackwells, which owns a 1.85% stake in Colony Capital, also wants to install five new directors on the company's board, saying investors have soured on the company and will return only when a new leader is named and independent directors are seated.
(Bloomberg) -- Thomas Barrack, a long-time ally of President Donald Trump, is facing a call to step down immediately as chief executive officer and chairman of Colony Capital Inc.Blackwells Capital, which controls about 1.9% of Colony’s shares, plans to nominate five directors to the company’s board at an upcoming annual meeting, according to a letter to the company’s board Tuesday.“One thing is certain: the current leadership team and business strategy are not creating value for shareholders,” Jason Aintabi, managing partner of Blackwells, said in the letter. “Colony desperately needs change or shareholders will abandon the company at an increasing pace.”Blackwells said it had lost confidence in Barrack and that he should speed up his departure from Colony, in part because he’s “undoubtedly distracted by at least two Congressional investigations and at least one reported criminal investigation into his political and personal activities.”The statement specifically called out Barrack’s work as chairman of Trump’s inaugural committee.Blackwells has been pressuring Colony to make changes it argues will increase the value of the company. The parties reached a pact earlier this year that saw Colony add three board members and agree to conduct a strategic review.That settlement came quickly despite Blackwells’s modest history of activism and relatively small stake in Colony. The firm had only agitated publicly at one other company in recent years, pushing for changes at the grocery wholesaler Supervalu Inc., which was sold to United Natural Foods Inc. in July 2018.Colony’s shares have dropped 21% since the agreement with Blackwells was announced on Feb. 11, adding to the losses the shares have experienced since the company combined its operations with NorthStar Realty Finance Corp. and NorthStar Asset Management Group Inc. Those deals boosted assets but not profits.“With Mr. Barrack’s track record and personal issues, no reasonable, fiduciarily aware public company board of directors would select Mr. Barrack as CEO of Colony or any other public company today,” Aintabi said. “He is Colony’s CEO only because of inertia and, seemingly, a sense of personal loyalty felt by some of the incumbent directors. Those are not reasonable business judgments.”The Blackwells nominees for Colony Capital’s board include: Jennifer Hill, William Johnson, Jay Levine, Todd Schuster, and David Tomick. If Blackwells is successful in swapping out five more directors, Colony would have replaced 8 of its 12 directors in the past year.Colony defended its record Tuesday, saying in a statement it has made “significant transformational progress in the last 12 months.”“The Colony Capital board of directors and management team are committed to acting in the best interests of the company and all of its stockholders,” the firm said in a statement. “Colony Capital values constructive engagement and is committed to enhancing value for all stockholders.”Barrack resumed his role as Colony’s CEO last year after the board ousted his deputy, Richard Saltzman.In July, Colony agreed to acquire Digital Bridge Holdings for $325 million. The deal paved the way for Barrack to depart as CEO in 2021, with Marc Ganzi, the chief executive of Digital Bridge, taking over as his replacement.Barrack has not said precisely when he plans to step down as CEO or if he will remain on as chairman. The company is slated to update shareholders on its strategy and succession plans in December.Blackwells said Tuesday it believed Barrack should leave the top job immediately and resign from the board. It also said Ganzi is “not a suitable replacement as CEO.”“Mr. Barrack has known Mr. Ganzi for decades and regularly plays polo with Mr. Ganzi at the Aspen Valley Polo Club (which itself is sponsored by Mr. Ganzi),” Blackwells said in the letter. “We do not believe business decisions and Colony’s resources should be expended on the basis of friendship and shared hobbies.”(Updates with background on proxy fight.)To contact the reporter on this story: Scott Deveau in New York at email@example.comTo contact the editors responsible for this story: Craig Giammona at firstname.lastname@example.org, Alan MirabellaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today confirmed it has received notice from Blackwells Capital LLC ("Blackwells") of its intent to nominate five director candidates to stand for election to the Colony Capital Board of Directors at the Company’s 2020 Annual Meeting of Stockholders.
Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains. Blackwells, which owns a 1.85% stake in Colony Capital, also wants to install five new directors on the company's board, saying investors have soured on the company and will return only when a new leader is named and independent directors are seated. Colony Capital's share price has tumbled 20% to trade at $4.78 since Barrack, the executive chairman, was named to the additional post of CEO a year ago.
Blackwells has been an actively involved investor in Colony and has attempted to engage privately and constructively with the Company regarding badly needed business improvement initiatives and corporate governance reforms over the course of the last year. Despite these efforts, the Company has refused to make the changes necessary to close the wide gap between Colony’s stock price and its intrinsic value.
Real estate has long been a traditional haven for investors seeking reliable returns. Ownership of real property brings with it control of the structures on the land, and the ability to develop or improve the property. And real estate is always in demand – whether its people looking for homes, or business needing office or factory space, properties will always have customers.Bring on the real estate investment trust (REIT). These are companies formed to acquire, own, and operate real properties. REITs are frequently constituted as publicly traded companies, as acquisition of property requires access to liquid capital, which they raise through the sale of stock. Partly to attract investors, and partly in adherence to tax regulations on investment trusts, REITs routinely pay out high dividends on their stock.In this article, we take a look at three REIT companies. All three make their money from the value of land and its development, and all three are clobbering the S&P 500 average dividend return of 2%. It also doesn't hurt that each of the stocks has amassed support from analysts over the last three months to earn a “buy” rating. Let’s open up the TipRanks database and get the lowdown.Colony Capital (CLNY)Colony is an investment firm, based in Los Angeles. The company’s main focus is on two property portfolios in gaming and resorts. Colony owns casino and hotel properties in Atlantic City and Las Vegas, as well as luxury hotels in the Raffles and Fairmont chains. In recent months, Colony has been selling off some properties and acquiring others, as part of a plan to divest itself of non-core portfolio item.For the third quarter, CLNY reported an FFO (funds from operations – a measure of operational cash flow sometimes used by REITs instead of reporting earnings per share) of 19 cents, 26% higher than the forecasts. Revenues showed a mixed picture – at $40 million, they beat the forecast by 16%, but still came in significantly lower than the year-ago figure of $60 million.This firm currently pays out a dividend of 11 cents per quarter, so the 19 cents FFO is more than enough to maintain the payment. The annualized payout, 44 cents, is equivalent to a yield of 8.94%, four and a half times the S&P average. Writing from JMP Securities, 4-stary analyst Mitchell Germain is impressed by Colony’s recent portfolio moves. He notes particularly “Acquisition of Digital Bridge for $329M, brought on a well-regarded investment manager, erected a leadership transition plan, as the head of Digital Bridge is set to become CLNY’s CEO in 18-24 months, and initiated a strategy to evolve to a digital-heavy investment strategy.”Germain rates CLNY an Outperform (i.e Buy) along with an $8 price target, which suggests over 60% upside for the stock. (To watch Germain's track record, click here)Randy Binner, of B. Riley FBR agrees, both on the bullish stance and the $8 price target. Binner writes, “There has been a series of recent shareholder-friendly moves including the NRE and industrial sales and the Digital Bridge acquisition/CLNY 2.0 pivot. These structural changes will remain the main focus and will determine where the dividend settles out… there is significant intrinsic value in CLNY's balance sheet…”Germain and Binner have given Colony its only recent analyst evaluations, explaining the stock’s Moderate Buy status. Shares are selling for a low $4.92, and the price target is $8. (See Colony stock analysis on TipRanks)Landmark Infrastructure Partners (LMRK)Landmark takes a slightly different approach to the REIT niche. It buys up land and properties that are in demand for wireless communication, billboards, and green energy infrastructure. In other words, Landmark owns the ground under a cellular tower or a windfarm power station. The company has properties across the United States as well as in Canada, the Caribbean, and Australia.Landmark is always engaged in expanding its property portfolio. In the recent Q3 report, the company noted that it spent $42 million acquiring 134 assets which are expected to contribute $3.4 million in annual rents. The company is also expanding into retail kiosks, from which vendors will pay rent. There are some 300 such kiosks in the Dallas Area Rapid Transit region. LMRK generated $14.4 million in rents in Q3, down 18% year-over-year and 4% sequentially, but still sufficient to give a 20 cent per share FFO. Total rental income is described by the CFO as “stable and predictable.” LMRK stock is up 30% year-to-date.LMRK pays out an annualized dividend of $1.47 per share, or 49 cents per quarter. This makes the yield an impressive 9.77%. While much higher than the FFO per share, it’s important to note here that REITs are subject to tax regulations requiring them to pay out a higher share of income in dividends than other publicly traded companies. Landmark has kept its dividend steady at 49 cents per share quarterly for the last two years, regardless of FFO fluctuations. The company depends on the predictability of its rent income to keep the dividend sustainable.Liam Burke, analyst from B. Riley FBR, sees a turnaround in LMRK’s overall profitability in the near future. He writes, “Third quarter 2019 will be the final quarter of negative Y/Y rental revenue growth and the company should report traditional organic rental growth rates of low single-digits beginning 4Q19… Management is keeping keep the payout constant until distributable cash catches up to distributions, which should occur in 2020…” Burke’s $20 price target suggests a 32% upside for LMRK shares. (To watch Burke's track record, click here)With three "buys" set in recent weeks, LMRK holds a Strong Buy from the analyst consensus. The average price target of $18.67 is 24% higher than the current share price of $15. (See Landmark stock analysis on TipRanks)MFA Financial (MFA)MFA focuses on residential mortgage assets. This includes mortgage-backed securities as well as whole loans. Residential mortgages are considered a low-risk security, as the loan is backed by the value of the home and property.In its most recent earnings report, for Q3, MFA showed an EPS of 20 cents per share. This was 11% higher than expected, and 1 cent higher than the year-ago quarter. Revenues were listed at $56.9 million, below both the quarterly forecast and the year-ago quarter. Despite the downer news for Q3, MFA shares are up 14% in 2019. While below the S&P gain of 24%, this is still considered a ‘slow and steady’ appreciation.MFA has been paying out a steady 20 cent quarterly dividend for the last three years. The ratio is 100%, meaning that as of the current quarter, the company’s full earnings are returned to shareholders. This is an attractive feature for potential investors. In theory, it should be difficult for the company to sustain – but as an REIT, MFA is required to maintain the high payout ratio. The dividend yield is a robust 10.47%, more than 5x the average of S&P listed companies.Wedbush analyst Henry Coffey started coverage of this stock recently, noting, “This is another quarter where MFA has been able to cover their dividend and demonstrated the benefit of their focus on managing credit risk over speeds and spread risk, and their focus on the whole loan/performing loan purchase program. Their success at this, in comparison to many of the mREIT peers, is notable.”Coffey rates the stock a Buy and his $8.25 price target suggests a modest 8% upside to the stock. (To watch Coffey's track record, click here)MFA Financial has slipped under most analysts’ radar; the stock’s Moderate Buy consensus is based on just two recent ratings. With shares trading at $7.64, the $8.13 average price target suggests room for a 6% upside. (See MFA stock analysis on TipRanks)
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.