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CLNY - Colony Capital, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Jan 27, 2020.

  1. Marvan

    Marvan Active Member

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    Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $53 billion, which includes approximately $14 billion of assets under management from Digital Bridge, a leading global investment manager of digital infrastructure assets including cell towers, small cells, fiber and data centers.

    The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, and traded and non-traded real estate investment trusts.

    The Company has significant holdings in: (a) the healthcare, industrial and hospitality property sectors; (b) Colony Credit Real Estate, Inc. (NYSE: CLNC), which is externally managed by a subsidiary of the Company; and (c) various other equity and debt investments.

    The Company is headquartered in Los Angeles with key offices in Boca Raton, New York, Paris and London, and has over 450 employees across 21 locations in 13 countries including employees assumed in the July 2019 business combination with Digital Bridge.

    https://www.clny.com/
     
  2. Marvan

    Marvan Active Member

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  3. Marvan

    Marvan Active Member

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    At US$4.64, Is It Time To Put Colony Capital, Inc. (NYSE:CLNY) On Your Watch List?
    [​IMG]
    Simply Wall St
    ,
    Simply Wall St.•26 January 2020


    [​IMG]

    Check out our latest analysis for Colony Capital

    What is Colony Capital worth?
    Good news, investors! Colony Capital is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $5.98, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. However, given that Colony Capital’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.

    What does the future of Colony Capital look like?
    [​IMG]
    NYSE:CLNY Past and Future Earnings, January 26th 2020

    Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Colony Capital’s earnings over the next few years are expected to increase by 87%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.

    https://uk.finance.yahoo.com/news/us-4-64-time-put-143621192.html
     
  4. Marvan

    Marvan Active Member

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    Colony Capital Announces Fourth Quarter and Full Year 2019 Financial Results and Affirms Full Year 2020 Dividend

    Colony Capital, Inc. (NYSE:CLNY) and subsidiaries (collectively, "Colony Capital," or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2019.

    The Company’s Board of Directors declared a first quarter 2020 dividend of $0.11 per share and the Company expects to maintain a $0.44 per share regular dividend on its Class A and B common stock for the full year 2020.

    Underlying this expectation is the Company’s full year 2020 outlook for (i) Core FFO excluding gains and losses of $0.35 to $0.40 per share and (ii) significant anticipated 2020 net cash gains, including $106 million, or $0.20 per share of realized gain through the sale of our interest in RXR Realty earlier this month.

    https://uk.finance.yahoo.com/news/colony-capital-announces-fourth-quarter-123000504.html
     
  5. Marvan

    Marvan Active Member

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    Colony Capital Issues Statement Regarding Blackwells Capital

    Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today issued the following statement in response to the press release issued by Blackwells Capital LLC ("Blackwells"):

    There is nothing new in Blackwells’ latest letter, which is yet another effort to hide its lack of a coherent strategy behind personal attacks against Colony’s Board and management team.

    Following the consummation of a cooperation agreement with Blackwells in February 2019 under which three new directors were appointed to the Colony Capital Board of Directors and the Board formed a Strategic Asset Review Committee ("SARC"), the SARC completed a comprehensive review process and the Company successfully executed a number of important initiatives. The Company’s actions – including the CEO succession announcement, pivot to digital infrastructure, and numerous value enhancing acquisitions and divestitures – resulted from the strategic review process overseen by the five independent directors on the SARC (including the directors approved by Blackwells last year), and were unanimously approved by the full Board. In short, the directors approved by Blackwells last year have been instrumental in charting the Company’s strategic path.

    Colony Capital believes it is important to note that Colony insiders own approximately 9.5% of Colony’s outstanding shares – underscoring that Colony’s Board, executives and senior management have much more at stake and are aligned with the interests of other shareholders. In contrast, Blackwells owns less than 1.9%, has presented no new ideas, and already has disproportionate representation on the Board.

    The Board and management team of Colony Capital, including the three directors that Blackwells itself approved last year, are confident in its ongoing strategic pivot, and will continue to advance that strategy to drive long-term value for all shareholders.

    Morgan Stanley is serving as financial advisor to Colony Capital and Hogan Lovells is serving as legal counsel.

    https://uk.finance.yahoo.com/news/colony-capital-issues-statement-regarding-123000242.html
     
  6. Marvan

    Marvan Active Member

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    Colony Capital Provides Update Regarding Impact of COVID-19

    Colony Capital, Inc. (NYSE: CLNY) ("Colony Capital" or the "Company") today announced a number of updates in connection with the impact of COVID-19 on its assets and business operations.

    • The Company is withdrawing its full year 2020 outlook for Core FFO.
    • The Company is withdrawing its dividend guidance through the remainder of 2020; this change will have no impact on the previously declared first quarter 2020 dividend of $0.11 per share on Colony Capital Class A and B common stock payable on April 15, 2020 to respective stockholders of record on March 31, 2020.
    • The Company is withdrawing its guidance for other equity and debt monetizations.
    • The Company’s digital assets under management ("AUM"), which now represent approximately 40% of the Company’s AUM following the recent closing of the Zayo acquisition, continue to perform well. This performance underscores the Company’s commitment to its digital transition, which the Company believes will minimize its exposure to future macroeconomic shocks such as COVID-19.
    "Since our earnings call on February 28, 2020, the coronavirus has been declared a pandemic and has fundamentally altered the global economy," said Thomas. J. Barrack, Jr., Executive Chairman and Chief Executive Officer. "Given the unprecedented nature of the situation, the Board and management team believe it is prudent to take these proactive measures to mitigate the impacts of COVID-19."

    Mr. Barrack continued, "The safety and well-being of our employees, tenants, business partners, and communities is our first priority, so we are carefully monitoring developments and taking appropriate steps across our portfolio. Fortunately, Colony Capital has a strong foundation, an experienced and dedicated team, and ample liquidity to manage through this challenging, uncertain period."

    https://finance.yahoo.com/news/colony-capital-provides-regarding-impact-113000226.html
     
  7. Marvan

    Marvan Active Member

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    Colony Capital Reaches Cooperation Agreement with Blackwells Capital

    Jeannie Diefenderfer to Join the Company’s Slate and Stand for Election to the Colony Capital Board of Directors at the 2020 Annual Meeting of Stockholders

    Blackwells to Support the Company’s Slate of Director Nominees at 2020 Annual Meeting">Blackwells to Support the Company’s Slate of Director Nominees at 2020 Annual Meeting

    Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today announced that it has reached a cooperation agreement with Blackwells Capital ("Blackwells"), which owns approximately 2% of the Company’s outstanding common stock.

    Pursuant to the agreement, Colony Capital will nominate Jeannie Diefenderfer to stand for election to the Company’s Board of Directors (the "Board") at the 2020 Annual Meeting of Stockholders (the "Annual Meeting"). Following the Annual Meeting, Colony Capital’s Board will continue to comprise 12 directors, of whom 11 are independent.

    "We are pleased to have reached an agreement, and appreciate that Blackwells has affirmed its support of our strategy, Board and management team," said Nancy Curtin, Colony Capital’s Lead Independent Director. "With an extensive background in digital investing and digital real estate, Jeannie adds a highly complementary skill set, diversity and relevant experience that will further enhance our oversight of management’s ongoing successful implementation of its digital strategy. We are confident that Jeannie’s expertise and perspective will be additive to our ongoing mission to generate long-term, sustainable value for stockholders."

    "We stand behind Mr. Barrack, and his vision in rotating to a global digital platform along with the recruitment of a first class executive in Marc Ganzi to lead Colony," said Jason Aintabi, Chief Investment Officer of Blackwells. "We are excited by the new management team, and it is energizing to see Jeannie being added to the Board. Colony has taken a number of pro-investor steps recently that give us great comfort. We are confident that Marc Ganzi’s management team and the Board will do an excellent job of building upon Tom Barrack’s visionary leadership. We are today standing down from the proxy contest and further investing in Colony because we believe in the Company, its new Board and management."

    Under the terms of the agreement, Blackwells has agreed to withdraw its slate of five nominees and vote its shares in favor of all of the Board’s nominees and support all Board recommended proposals at the Company’s 2020 Annual Meeting. Blackwells will abide by certain standstill and voting commitments, including a standstill with respect to Colony Capital until the tenth anniversary of the agreement as well as voting in favor of the Board’s recommendations until the third anniversary of the agreement.

    Colony Capital and Blackwells have also agreed to enter into a joint venture to acquire Colony Capital common stock on the open market. The Company will commit $13.23 million in CLNY common stock and/or cash, and Blackwells will commit $1.47 million in cash. Colony Capital will serve as the Managing Member of the joint venture and Blackwells will retain customary minority protections.

    https://finance.yahoo.com/news/colony-capital-reaches-cooperation-agreement-131500193.html
     
  8. Marvan

    Marvan Active Member

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    Colony Capital Names Severin White as Head of Public Investor Relations

    Colony Capital, Inc. (NYSE: CLNY) ("Colony" or the "Company") today announced the appointment of Severin White as Managing Director, Head of Public Investor Relations, effective immediately.

    As Head of Public Investor Relations, Mr. White will, among other things, manage and cultivate relationships with the investment community, oversee the Company’s financial communications and shareholder outreach, and act as a liaison between the management team, Board of Directors and Colony Capital’s ownership base. He will also support the Colony senior leadership team, as the Company pivots its focus to digital infrastructure and real estate.

    https://uk.finance.yahoo.com/news/colony-capital-names-severin-white-140000939.html
     

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