Price Action Don’t Lie: Could Colony Capital Inc Change Direction After Reaching 52-Week High?

Price Action Don't Lie: Could Colony Capital Inc Change Direction After Reaching 52 Week High?

The stock of Colony Capital Inc (NYSE:CLNY) hit a new 52-week high and has $21.60 target or 4.00% above today’s $20.77 share price. The 9 months bullish chart indicates low risk for the $2.37B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $21.60 price target is reached, the company will be worth $94.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 249,354 shares traded hands. Colony Capital Inc (NYSE:CLNY) has risen 18.53% since April 26, 2016 and is uptrending. It has outperformed by 13.27% the S&P500.

Analysts await Colony Capital Inc (NYSE:CLNY) to report earnings on February, 24. They expect $0.57 earnings per share, up 7.55% or $0.04 from last year’s $0.53 per share. CLNY’s profit will be $65.04M for 9.11 P/E if the $0.57 EPS becomes a reality. After $0.48 actual earnings per share reported by Colony Capital Inc for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

Colony Capital Inc (NYSE:CLNY) Ratings Coverage

Out of 3 analysts covering Colony Financial (NYSE:CLNY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Colony Financial has been the topic of 5 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, October 5 by Wedbush. The stock has “Outperform” rating given by FBR Capital on Monday, June 6. The stock of Colony Capital Inc (NYSE:CLNY) has “Market Perform” rating given on Wednesday, March 2 by FBR Capital. The stock of Colony Capital Inc (NYSE:CLNY) earned “Outperform” rating by RBC Capital Markets on Monday, November 16.

According to Zacks Investment Research, “Colony Capital, Inc. is a real estate investment and finance company. The Company operates through three segments: real estate debt investments which include originated and acquired commercial real estate debt, mortgage-backed securities and other debt-related investments, single-family residential rentals through its investment in CAH OP and other real estate equity investments. Colony Capital, Inc., formerly known as Colony Financial, Inc., is based in Santa Monica, California.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.41, from 1.49 in 2016Q1. The ratio worsened, as 30 funds sold all Colony Capital Inc shares owned while 47 reduced positions. 40 funds bought stakes while 75 increased positions. They now own 100.82 million shares or 4.38% less from 105.44 million shares in 2016Q1.
Moreover, Indexiq Advisors Limited Liability Company has 0.08% invested in Colony Capital Inc (NYSE:CLNY) for 88,588 shares. Virtu Limited Liability Com accumulated 11,261 shares or 0.02% of the stock. Ladenburg Thalmann Fincl Services Inc last reported 0% of its portfolio in the stock. Dana Investment Advsrs has invested 0.09% of its portfolio in Colony Capital Inc (NYSE:CLNY). Marshall Wace Ltd Liability Partnership accumulated 0.12% or 927,416 shares. Bb&T Securities Ltd holds 0.04% or 159,252 shares in its portfolio. Blackrock has invested 0% of its portfolio in Colony Capital Inc (NYSE:CLNY). Forward Limited Liability accumulated 1.20 million shares or 1.54% of the stock. Citigroup has invested 0% of its portfolio in Colony Capital Inc (NYSE:CLNY). Da Davidson And Company reported 300 shares or 0% of all its holdings. Moreover, Creative Planning has 0% invested in Colony Capital Inc (NYSE:CLNY) for 1,200 shares. The New Jersey-based Palisade Capital Limited Liability Co Nj has invested 0.05% in Colony Capital Inc (NYSE:CLNY). Fifth Third Financial Bank last reported 0.01% of its portfolio in the stock. Us Commercial Bank De has invested 0% of its portfolio in Colony Capital Inc (NYSE:CLNY). Royal State Bank Of Canada accumulated 0% or 242,379 shares.

More notable recent Colony Capital Inc (NYSE:CLNY) news were published by: Forbes.com which released: “Michael Dell’s MSD Capital Joins Shareholders Challenging NorthStar And Colony …” on September 19, 2016, also Bloomberg.com with their article: “Barrack’s Colony Capital to Combine With Two NorthStar Firms” published on June 03, 2016, Bloomberg.com published: “Colony Capital Said to Near Deal For NorthStar Asset Management” on June 03, 2016. More interesting news about Colony Capital Inc (NYSE:CLNY) were released by: Labusinessjournal.com and their article: “REIT Colony Capital Announces NorthStar Merger” published on June 06, 2016 as well as Law360.com‘s news article titled: “Colony Capital Investor Sues To Block NorthStar Merger” with publication date: September 29, 2016.

CLNY Company Profile

Colony Capital, Inc., formerly Colony Financial, Inc., incorporated on June 23, 2009, is a global real estate and investment management company. The Company’s investment portfolio is primarily composed of real estate equity; real estate and real estate-related debt, and investment management of the Company-sponsored private equity funds and vehicles. The Firm operates through five divisions: Real Estate Equity, including Light industrial real estate assets and operating platform; Single-family residential rentals through an investment in Colony Starwood Homes and Other real estate equity investments; Real Estate Debt, which includes loan originations and acquisitions, and Investment Management, which includes investment management of the Company-sponsored funds and other investment vehicles. Through its global investment management business, which operates under the Colony Capital brand, the Company has approximately $18.8 billion of assets under management. The Company’s business objective is to provide risk-adjusted returns to its investors through a diversified portfolio of direct and indirect real estate-related equity and real estate debt investments, and fee bearing management contracts on investment funds that the Company manages.

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