Shares of Colony Capital Inc. (NYSE:CLNY) traded today at $6.16, eclipsing its 52-week high. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.
Colony Capital Inc is a global real estate and investment-management firm. The company segments its operations into real estate equity, real estate debt, and investment management businesses. Colony Capital’s asset portfolio and total revenue generation are split primarily between its real estate equity and real estate debt divisions. The real estate equity unit generates revenue largely from its investments in light industrial and other real estate assets in the United States and Europe. The real estate debt group principally receives interest income from loans and debt securities that it either acquires or originates. These securities are mainly senior and subordinated commercial mortgage-backed securities collateralized by properties in America.
Based on a current price of $5.83, Colony Capital Inc. is currently 58.6% above its average consensus analyst price target of $2.41.
In the past 52 weeks, shares of Colony Capital Inc. have traded between a low of $1.33 and a high of $6.16 and is now at $5.83, which is 338% above that low price.
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