Last $22.15 USD
Change Today -0.66 / -2.89%
Volume 2.9M
CLNY On Other Exchanges
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Berlin
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

colony financial inc (CLNY) Key Developments

Colony Financial To Raise $336 million Through Public Offering

Colony Financial, Inc. (NYSE:CLNY) has priced a public offering of 15 million shares of common stock for expected gross proceeds of approximately $336 million. Colony Financial expects to use a portion of the net proceeds from this offering to repay amounts outstanding under its revolving credit facility, and to use the remainder of the net proceeds from this offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines, and for working capital and general corporate purposes.

Colony Financial Seeks Acquisitions

Colony Financial, Inc. (NYSE:CLNY) is looking for acquisition opportunities. Colony Financial today announced it has commenced an underwritten public offering of its shares of Series B Cumulative Redeemable Perpetual Preferred Stock and to use the proceeds from the offering to repay amounts outstanding under its secured revolving credit facility, and to use any remainder of the net proceeds from this offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for working capital and general corporate purposes.

Colony Financial, Inc. Declares Increased Second Quarter Dividend, Payable on July 15, 2014

Colony Financial, Inc.'s board declared a second-quarter dividend of 36 cents per common share, up from 35 cents per common share in the previous quarter. The dividend will be paid July 15, 2014 to stockholders of record as of June 30, 2014.

Colony Financial, Inc. Declares Dividend on Common Share and on 8.50% Series A Cumulative Perpetual Preferred Stock; Payable on July 15, 2014

On May 8, 2014, the Board of Directors of Colony Financial, Inc. declared a dividend of $0.36 per common share for the second quarter of 2014 and a cash dividend of $0.53125 per share on the company's 8.50% Series A Cumulative Perpetual Preferred Stock with a liquidation preference of $25 per share for the quarterly period ending July 15, 2014. Both dividends will be paid on July 15, 2014 to respective stockholders of record on June 30, 2014.

Colony Financial, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Colony Financial, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total income of $59,207,000 compared to $33,585,000 a year ago. Income before income taxes was $30,095,000 compared to $22,346,000 a year ago. Net income was $29,850,000 compared to $21,994,000 a year ago. Net income attributable to company was $21,730,000 or $0.20 per diluted share compared to $19,407,000 or $0.22 per diluted share a year ago. The company's GAAP book value per common share was $18.98 on March 31, 2014, up from $18.72 on December 31, 2013. Core Earnings were $27,146,000 or $0.33 per diluted share compared to $17,047,000 or $0.27 per diluted share a year ago.

 

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CLNY

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Valuation CLNY Industry Range
Price/Earnings 19.8x
Price/Sales 10.2x
Price/Book 1.1x
Price/Cash Flow 23.7x
TEV/Sales 7.3x
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