Boca Raton, New York, November 9, 2019 – Shares of Colony Capital Inc. (NYSE: CLNY) showed the bearish trend with a lower momentum of -8.76% to $5.00. The company traded total volume of 4.491M shares as contrast to its average volume of 2.98M shares. The company has a market value of $2.43B and about 486.83M shares outstanding.
Colony Capital (CLNY) posted revenues of $35.06M for the quarter ended June 2019, missing the Zacks Consensus Estimate by 13.66%. This compares to year-ago revenues of $44.18M. The company has topped consensus revenue estimates three times over the last four quarters. The company came out with quarterly funds from operations (FFO) of $0.11 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -31.25%. A quarter ago, it was expected that this provider of asset management services to NorthStar Realty Finance Corp. Would post FFO of $0.13 per share when it actually produced FFO of $0.09, delivering a surprise of -30.77%.
The Company offered net profit margin of -44.60% while its gross profit margin was 97.50%. ROE was recorded as -19.60% while beta factor was 1.44. The stock, as of recent close, has shown the weekly downbeat performance of -10.87% which was maintained at 6.84% in this year.