CLNY

Colony Financial Inc.

Finance/Real Estate


Presented:07/10/2013
Price:$20.35
Cap:$1.31B
Current Price:$15.45
Cap:$2.69B

Presented

Date07/10/2013
Price$20.35
Market Cap$1.31B
Ent Value$1.45B
P/E Ratio24.89x
Book Value$22.05
Div Yield5.9%
Shares O/S64.60M
Ave Daily Vol1,180,000
Short Int5.78%

Current

Price$15.45
Market Cap$2.69B
Colony Financial, Inc. operates as a real estate investment and finance company in the United States. It owns and manages a portfolio of real estate-related debt and equity investments, including ownership interests in single-family homes for the purpose of renting the homes to tenants, real estate acquired in settlement of loans, mortgage-backed securities, and other debt-related investments. The company has elected to be taxed as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Santa Monica, California.

Highlights

Commercial mortgage REIT Colony Financial had previously sought to spin off its single-family residential housing REIT, Colony American Homes, but was forced to postpone the IPO due to interest rate fluctuations and the resultant sell-off in many REIT stocks. Today, approximately two-thirds of CLNY’s portfolio is invested in commercial mortgages, with the balance invested in Colony American.

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