Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Colony Capital (CLNY) Catches Eye: Stock Moves Up 5.4%

Colony Capital CLNY was a big mover last session, as the company saw its shares rise over 5% on the day. The upside was driven by the company’s announcement of record first-quarter 2016 financial results. The also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up nearly 12% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Colony Capital currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the REIT space is Hannon Armstrng HASI sporting a Zacks Rank #1(Strong Buy).

Is CLNY going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
COLONY CAPITAL (CLNY): Free Stock Analysis Report
 
HANNON ARMSTRNG (HASI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research