Colony Financial, Inc.
 (CLNY)

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  • Wed, Jan. 6, 7:46 AM
    • Alongside the merger is the internalization of Starwood Waypoint's (NYSE:SWAY) manager. The name of the company is now Colony Starwood Homes, and the ticker has been changed from SWAY to SFR.
    • Combined, the two have a NAV of about $7.7B and more than 30K homes concentrated in their top 10 markets.
    • Formerly president and COO of Colony American Homes, Fred Tuomi is CEO of the merged company, with Colony CFO Arik Prawer the CFO. Formerly COO of Statwood Waypoint, Charles Young is COO of the merged company.
    • Barry Sternlicht and Thomas Barrack (NYSE:CLNY) are co-chairmen of the board.
    • The company expects to realized synergies of about $50M annually, and expects to achieve 70% of that by the end of Q1 and 100% by the end of next year.
    • Source: Press Release
    | Wed, Jan. 6, 7:46 AM | 1 Comment
  • Nov. 5, 2015, 8:27 AM
    • Colony Financial (NYSE:CLNY) declares $0.40/share quarterly dividend, 5.3% increase from prior dividend of $0.38.
    • Forward yield 7.55%
    • Payable Jan. 15; for shareholders of record Dec. 31; ex-div Dec. 29.
    | Nov. 5, 2015, 8:27 AM
  • Nov. 5, 2015, 8:03 AM
    • Colony Financial (NYSE:CLNY): Q3 FFO of $0.54 beats by $0.03.
    • Revenue of $263M (+240.3% Y/Y) beats by $33.03M.
    | Nov. 5, 2015, 8:03 AM
  • Sep. 21, 2015, 10:18 AM
    • Starwood Waypoint (SWAY +9.3%) is sharply higher after announcing its merger with Colony Capital's (CLNY +2.7%) Colony American Homes.
    • With M&A (and the quick scale-up and cost savings that come with it) in the air, Silver Bay Realty (SBY +1.7%), American Homes 4 Rent (AMH +2.6%), and American Residential Properties (ARPI +2.2%) are also on the move.
    | Sep. 21, 2015, 10:18 AM
  • Sep. 21, 2015, 7:37 AM
    • Unable to pull off an IPO of its single-family rental operation, Colony Capital (NYSE:CLNY) engineers a pseudo-IPO by merging Colony American Homes with Starwood Waypoint (NYSE:SWAY).
    • CAH shareholders will receive 64.9M shares of SWAY in exchange for 100% of the stock of CAH. After the deal, CAH shareholders will own about 59% of the combined company's shares. The $0.19 dividend is expected to be maintained.
    • Barry Sternlicht and Thomas Barrack will serve as non-executive co-chairmen of the board, while President and COO of CAH Fred Tuomi will be CEO. SWAY CEO Doug Brien will be president and COO.
    • The combined company will own and manage (management will be internalized as part of the merger) more than 30K homes with a total asset value of $7.7B. The deal is expected to achieve annualized cost savings of $40M-$50M.
    • A conference call is set for 9 ET
    | Sep. 21, 2015, 7:37 AM
  • Aug. 6, 2015, 8:44 AM
    • Colony Financial (NYSE:CLNY): Q2 EPS of $0.60 beats by $0.16.
    • Revenue of $220.9M (+181.2% Y/Y) beats by $78.14M.
    | Aug. 6, 2015, 8:44 AM
  • Aug. 6, 2015, 8:37 AM
    • Colony Financial (NYSE:CLNY) declares $0.38/share quarterly dividend, 2.7% increase from prior dividend of $0.37.
    • Forward yield 6.68%
    • Payable Oct. 15; for shareholders of record Sept. 30; ex-div Sept. 28.
    | Aug. 6, 2015, 8:37 AM
  • May 21, 2015, 9:17 AM
    • New additions to Goldman's hedge fund hotels - 50 stocks which most frequently appear among the largest ten holdings of hedge funds: AerCap (NYSE:AER), Assured Guaranty (NYSE:AGO), Baker Hughes (NYSE:BHI), Citizens Financial (NYSE:CFG), Colony Capital (NYSE:CLNY), Dresser-Rand (NYSE:DRC), Family Dollar (NYSE:FDO), Hospira (NYSE:HSP), Netflix (NASDAQ:NFLX), NXP Semi (NASDAQ:NXPI), Pharmacyclics (NASDAQ:PCYC), Visa (NYSE:V), and Walgreens (NASDAQ:WBA).
    • Since 2001, the basket has outperformed the S&P 500 in 66% of quarters by an average of 73 basis points. YTD, however, it has underperformed by nine bps. Goldman notes the current basket overweights Consumer Discretionary (22%) and underweights Consumer Staples (2%).
    • Looking at the full list, Actavis (NYSE:ACT) leads the way, with 77 funds naming the stock as a top 10 holding. Next up is Apple (NASDAQ:AAPL) with 69, then Facebook (NASDAQ:FB) at 42. For the entire list of 50, the average is 26 funds making a stock a top 10 holding.
    • The rest in order: Valeant (NYSE:VRX), Microsoft (NASDAQ:MSFT), DirecTV (NASDAQ:DTV), Citigroup (NYSE:C), Time Warner (NYSE:TWC), Delta (NYSE:DAL), Cheneire (NYSEMKT:LNG), Yahoo (NASDAQ:YHOO), Liberty Global (NASDAQ:LBTYK), AIG, SunEdison (NYSE:SUNE), Air Products (NYSE:APD), Amazon (NASDAQ:AMZN), GM, BofA (NYSE:BAC), JPMorgan (NYSE:JPM), Macquarie Infrastructure (NYSE:MIC), American Airlines (NASDAQ:AAL), Charter Communications (NASDAQ:CHTR), Google (GOOG, GOOGL), Ally Financial (NYSE:ALLY), NorthStar Realty (NYSE:NRF), Priceline (NASDAQ:PCLN), eBay (NASDAQ:EBAY), MasterCard (NYSE:MA), Alibaba (NYSE:BABA), Micron (NASDAQ:MU), Williams (NYSE:WMB), Gilead (NASDAQ:GILD), Berkshire Hathaway (BRK.A, BRK.B), Dolar General (NYSE:DG), NorthStar Asset (NYSE:NSAM), Brookdale Senior (NYSE:BKD), DISH Network (NASDAQ:DISH).
    • See also: Goldman updates list of hedge funds most-shorted stocks (May 21)
    | May 21, 2015, 9:17 AM | 19 Comments
  • May 19, 2015, 2:02 PM
    • "Prior to the financial crisis, consolidation was a consistent profitable investment theme in financial stocks," says KBW. The reverse has been true since, and the "fragmentation" of the giants is creating the best opportunities in the sector.
    • Taking a very rough measure, the team notes the eight largest banks have made 104 acquisitions since 2010 versus 228 divestitures. Two notable recent moves are RBS's spin-off of Citizens Financial Group and GE's promise to unload $200B of financial assets.
    • For who might benefit, look to those on the buy side of some these "forced" sales. KBW's list: Colony Financial (NYSE:CLNY), Invesco (NYSE:IVZ), Oaktree Capital (NYSE:OAK), PrivateBancorp (NASDAQ:PVTB), Raymond James (NYSE:RJF), Signature Bank (NASDAQ:SBNY), and SVB Financial (NASDAQ:SIVB).
    | May 19, 2015, 2:02 PM
  • May 8, 2015, 4:01 PM
    • “It’s one of the few highly fragmented businesses left,” says Beth O'Brien, CEO of Colony Capital's (NYSE:CLNY) lending business, which began offering bridge loans to investors who buy homes with the intention of quickly selling at a profit. "If someone can do it nationally at scale, it’s cheaper and better for the borrower.”
    • Among those joining Colony are Cerberus Capital and Blackstone (NYSE:BX), which hopes to make $1B of such loans per year. Blackstone's B2R Finance unit launched in 2013 to lend to landlords and this year acquired "fix and flip" funder Dwell Finance.
    • Flippers have traditionally paid super-high rates to local private lenders as banks weren't interested in the loans, but with the entry of these Wall Street honchos, rates have come down sharply, as have fees.
    • “Everybody just jumped in,” says Mark Filler, CEO of Jordan Capital Finance, quickly summing up the downside. “The risk is people start to relax underwriting guidelines to chase loans. As this becomes more competitive, there will be more pressure to do that.” His company was purchased by Garrison Investment Group six months ago.
    • Source: Bloomberg
    | May 8, 2015, 4:01 PM | 1 Comment
  • May 6, 2015, 5:19 PM
    • Colony Financial (NYSE:CLNY) declares $0.37/share quarterly dividend, in line with previous.
    • Forward yield 5.83%
    • Payable July 15; for shareholders of record June 30; ex-div June 26.
    | May 6, 2015, 5:19 PM
  • May 6, 2015, 4:44 PM
    • Colony Financial (NYSE:CLNY): Q1 FFO of $0.49 misses by $0.01.
    • Revenue of $116.61M (+96.9% Y/Y) misses by $3.32M.
    | May 6, 2015, 4:44 PM
  • Feb. 19, 2015, 4:58 PM
    • Q4 core earnings of $34.5M or $0.31 per share includes $0.13 of transactions expenses mostly from the proposed combo with Colony Capital and the Cobalt acquisition.
    • Book value per share of $18.97 vs. $18.72 one year ago. If accounting for everything at fair value, NAV of $22.01 per share vs. $20.78 a year ago.
    • The deal brining management in-house is still expected to close in H1.
    • Conference call tomorrow at 10 ET
    • Previously: Colony Financial misses by $0.06, beats on revenue (Feb. 19)
    • CLNY flat after hours
    | Feb. 19, 2015, 4:58 PM
  • Feb. 19, 2015, 4:41 PM
    • Colony Financial (NYSE:CLNY) declares $0.37/share quarterly dividend, in line with previous.
    • Forward yield 6.15%
    • Payable April 15; for shareholders of record March 31; ex-div March 27.
    | Feb. 19, 2015, 4:41 PM
  • Feb. 19, 2015, 4:21 PM
    • Colony Financial (NYSE:CLNY): Q4 EPS of $0.31 misses by $0.06.
    • Revenue of $85.59M (+46.5% Y/Y) beats by $1.52M.
    | Feb. 19, 2015, 4:21 PM
  • Dec. 23, 2014, 9:43 AM
    • The previously-announced non-binding agreement for Colony Financial (NYSE:CLNY) to become self-managed by bringing in all of the assets of its manager Colony Capital, is now a deal and is expected to close in H1 of 2015.
    • Consideration will be up to $657.5M to be paid in CLNY common stock and membership interests in a subsidiary of CLNY.
    • Previously: Colony Financial on the move after agreement to merge with manager (Nov. 5)
    | Dec. 23, 2014, 9:43 AM
Company Description
Colony Capital Inc is a real estate & investment management company. It acquires, invests, finances & manages a diversified portfolio of real estate-related debt & equity investments composed of acquired & originated loans.
Sector: Financial
Country: United States