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Colony Capital

NYSE:CLNY.PRH
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLNY.PRH
NYSE
$3B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. The last earnings update was 13 days ago. More info.


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CLNY.PRH Share Price and Events
7 Day Returns
0%
NYSE:CLNY.PRH
-0.3%
US REITs
0.2%
US Market
1 Year Returns
-10.6%
NYSE:CLNY.PRH
13.3%
US REITs
2.9%
US Market
CLNY.PRH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Colony Capital (CLNY.PRH) 0% 0.2% -4.9% -10.6% - -
US REITs -0.3% 3.5% 3.2% 13.3% 11.3% 24.8%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • CLNY.PRH underperformed the REITs industry which returned 13.3% over the past year.
  • CLNY.PRH underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
CLNY.PRH
Industry
5yr Volatility vs Market

CLNY.PRH Value

 Is Colony Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Colony Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Colony Capital.

NYSE:CLNY.PRH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CLNY.PRH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (412.96%))
1.842
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.842 * 5.96%)
13.71%

Discounted Cash Flow Calculation for NYSE:CLNY.PRH using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Colony Capital is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Colony Capital is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:CLNY.PRH DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (USD, Millions) Source Present Value
Discounted (@ 13.71%)
2019 300.40 Analyst x1 264.19
2020 283.00 Analyst x1 218.89
2021 293.96 Est @ 3.87% 199.96
2022 304.34 Est @ 3.53% 182.06
2023 314.35 Est @ 3.29% 165.39
2024 324.16 Est @ 3.12% 149.99
2025 333.90 Est @ 3% 135.88
2026 343.66 Est @ 2.92% 122.99
2027 353.50 Est @ 2.86% 111.26
2028 363.49 Est @ 2.82% 100.62
Present value of next 10 years cash flows $1,651.23
NYSE:CLNY.PRH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $363.49 × (1 + 2.73%) ÷ (13.71% – 2.73%)
$3,402.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,402.15 ÷ (1 + 13.71%)10
$941.74
NYSE:CLNY.PRH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,651.23 + $941.74
$2,592.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,592.97 / 516.96
$20.02
NYSE:CLNY.PRH Discount to Share Price
Calculation Result
Value per share (USD) From above. $79.94
Current discount Discount to share price of $20.60
= -1 x ($20.60 - $79.94) / $79.94
74.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Colony Capital is available for.
Intrinsic value
>50%
Share price is $20.6 vs Future cash flow value of $79.94
Current Discount Checks
For Colony Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Colony Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Colony Capital's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Colony Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Colony Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CLNY.PRH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.37
NYSE:CLNY Share Price ** NYSE (2019-05-22) in USD $5.16
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.92x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Colony Capital.

NYSE:CLNY.PRH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CLNY Share Price ÷ EPS (both in USD)

= 5.16 ÷ -1.37

-3.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colony Capital is loss making, we can't compare its value to the US REITs industry average.
  • Colony Capital is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Colony Capital's expected growth come at a high price?
Raw Data
NYSE:CLNY.PRH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
48%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Colony Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Colony Capital's assets?
Raw Data
NYSE:CLNY.PRH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.25
NYSE:CLNY Share Price * NYSE (2019-05-22) in USD $5.16
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NYSE:CLNY.PRH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CLNY Share Price ÷ Book Value per Share (both in USD)

= 5.16 ÷ 11.25

0.46x

* Primary Listing of Colony Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colony Capital is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Colony Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Colony Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CLNY.PRH Future Performance

 How is Colony Capital expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Colony Capital expected to grow at an attractive rate?
  • Unable to compare Colony Capital's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Colony Capital's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Colony Capital's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CLNY.PRH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CLNY.PRH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 48%
NYSE:CLNY.PRH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 0.4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CLNY.PRH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CLNY.PRH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,735 -192 1
2020-12-31 2,547 -195 2
2019-12-31 2,639 -237 1
NYSE:CLNY.PRH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,648 474 -664
2018-12-31 2,687 507 -635
2018-09-30 2,815 570 -607
2018-06-30 2,935 612 -539
2018-03-31 2,834 658 -409
2017-12-31 2,852 583 -356
2017-09-30 2,315 514 -4
2017-06-30 1,745 397 21
2017-03-31 1,373 352 27
2016-12-31 865 405 65
2016-09-30 895 352 101
2016-06-30 928 438 115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Colony Capital is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Colony Capital's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CLNY.PRH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Colony Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLNY.PRH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.39 -0.39 -0.39 1.00
2020-12-31 -0.43 -0.39 -0.46 2.00
2019-12-31 -0.49 -0.49 -0.49 1.00
NYSE:CLNY.PRH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.37
2018-12-31 -1.28
2018-09-30 -1.19
2018-06-30 -1.03
2018-03-31 -0.76
2017-12-31 -0.67
2017-09-30 -0.01
2017-06-30 0.06
2017-03-31 0.11
2016-12-31 0.39
2016-09-30 0.67
2016-06-30 0.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Colony Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Colony Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Colony Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CLNY.PRH Past Performance

  How has Colony Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Colony Capital's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Colony Capital does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Colony Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Colony Capital's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
Colony Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Colony Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLNY.PRH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,648.16 -664.48 367.76
2018-12-31 2,686.69 -635.11 377.09
2018-09-30 2,814.71 -606.61 366.37
2018-06-30 2,935.17 -538.50 378.31
2018-03-31 2,833.75 -409.26 366.22
2017-12-31 2,852.00 -355.82 366.35
2017-09-30 2,315.26 -3.89 324.24
2017-06-30 1,745.29 20.92 275.09
2017-03-31 1,372.82 27.29 228.63
2016-12-31 865.14 64.87 187.20
2016-09-30 894.89 100.67 185.90
2016-06-30 928.46 115.27 182.01
2016-03-31 922.53 120.49 185.65
2015-12-31 830.59 106.17 143.73
2015-09-30 681.99 105.34 102.35
2015-06-30 498.40 100.18 62.84
2015-03-31 358.05 84.41 20.47
2014-12-31 299.84 97.29 17.22
2014-09-30 273.47 104.42 15.49
2014-06-30 243.66 93.60 13.84
2014-03-31 209.42 81.89 12.11
2013-12-31 183.80 79.62 10.78
2013-09-30 158.05 68.33 9.55
2013-06-30 137.63 57.76 9.05
2013-03-31 118.92 49.53 9.34
2012-12-31 107.96 47.62 9.32
2012-09-30 93.66 45.25 9.30
2012-06-30 88.42 50.70 9.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Colony Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Colony Capital has efficiently used its assets last year compared to the US REITs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Colony Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Colony Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Colony Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CLNY.PRH Health

 How is Colony Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Colony Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Colony Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Colony Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Colony Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Colony Capital Company Filings, last reported 1 month ago.

NYSE:CLNY.PRH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,222.90 11,015.80 321.59
2018-12-31 11,155.76 10,166.36 463.27
2018-09-30 11,491.90 9,919.78 417.53
2018-06-30 11,619.73 10,073.56 480.93
2018-03-31 11,712.09 10,598.97 486.13
2017-12-31 12,383.54 10,988.25 922.99
2017-09-30 13,424.15 10,953.73 878.35
2017-06-30 13,253.15 10,572.22 600.56
2017-03-31 13,175.02 10,374.40 633.21
2016-12-31 5,616.93 3,715.62 376.29
2016-09-30 5,642.87 4,064.74 440.29
2016-06-30 5,280.17 4,193.11 227.53
2016-03-31 5,313.41 4,187.23 171.93
2015-12-31 5,416.24 4,178.81 187.29
2015-09-30 5,376.65 3,854.58 308.64
2015-06-30 5,626.16 3,768.99 196.54
2015-03-31 2,888.17 3,056.35 64.46
2014-12-31 2,935.79 2,701.76 142.60
2014-09-30 2,722.22 1,091.83 298.16
2014-06-30 2,416.89 1,212.22 39.01
2014-03-31 2,304.98 779.28 85.18
2013-12-31 1,954.23 616.11 44.15
2013-09-30 1,698.62 352.47 48.58
2013-06-30 1,698.33 373.09 20.10
2013-03-31 1,518.64 103.22 82.07
2012-12-31 1,283.03 108.17 170.20
2012-09-30 1,040.23 110.38 88.92
2012-06-30 787.52 150.28 8.16
  • Colony Capital's level of debt (98.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34% vs 98.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Colony Capital has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Colony Capital has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.2% per year.
X
Financial health checks
We assess Colony Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Colony Capital has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CLNY.PRH Dividends

 What is Colony Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.53%
Current annual income from Colony Capital dividends. Estimated to be 8.64% next year.
If you bought $2,000 of Colony Capital shares you are expected to receive $171 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Colony Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Colony Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Upcoming dividend payment

Purchase Colony Capital before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CLNY.PRH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CLNY.PRH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.46 1.00
2020-12-31 0.45 2.00
2019-12-31 0.44 2.00
NYSE:CLNY.PRH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.440 8.584
2019-03-01 0.440 8.342
2018-08-08 0.440 7.593
2018-05-18 0.440 7.220
2018-05-10 0.440 7.341
2018-03-01 0.440 7.533
2017-11-09 1.080 10.504
2017-08-09 1.080 8.439
2017-08-08 1.080 7.631
2017-05-10 1.080 7.608
2017-05-09 1.080 8.296
2017-02-28 1.080 8.223

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colony Capital has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Colony Capital has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Colony Capital's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Colony Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Colony Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Colony Capital has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CLNY.PRH Management

 What is the CEO of Colony Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Barrack
COMPENSATION $8,525,666
AGE 70
TENURE AS CEO 0.5 years
CEO Bio

Mr. Thomas Joseph Barrack Jr., also known as Tom, has been the Chief Executive Officer at Colony Capital, LLC. He has been the Chief Executive Officer and President of Harveys Casino Resorts, Inc. since January 31, 2001. Mr. Barrack founded Colony Capital, Inc. in 1991. He has been the Chief Executive Officer and Chairman of Colony Advisors LLC since September 1991 and August 1992 and respectively. He served as Founder, Chief Executive Officer and Executive Chairman at Colony Capital, LLC. He serves as CEO at Colony Capital, Inc. since November 2018. He has been the Executive Chairman of Colony Capital, Inc. (formerly, Colony NorthStar, Inc.) since June 2009. He serves as President and Chief Executive Officer of Colony Realty Partners L.P. and also founder the firm. He is the Founder, President and Chief Executive Officer of Yangtze Special Situations Fund, L.P. He has been Treasurer of Colony RIH Holdings Inc. (“CRH“) since March 2001. Mr. Barrack served as the President of Colony Advisors Inc. from September 1991 to August 1997. He serves as Treasurer, Director, Treasurer of Resorts International Hotel Inc., Treasurer of Colony Rih Holdings Inc., Director of Colony Rih Holdings Inc. and Director of Resorts International Hotel Inc at Resorts International Hotel and Casino, Inc. He was Managing Partner of Winnick & Company. He founded Halifax Capital Partners, L.P and Halifax Capital Partners II, L.P. He served as a Principal of Keystone Group, L.P. He served as Operations Director at Miramax. He was a Principal at the Robert M. Bass Group Inc., from 1987 to 1991. Prior to RMBG, he served as the President of Oxford Development Ventures Inc. From 1984 to 1985, he served as Senior Vice President at E. F. Hutton Corporate Finance. From 1985 to 1987, he served as the President of Oxford Ventures Inc. He served as the President of CRH and RIHC until October 2002. He served as President and Chief Executive Officer of Harvey's Casino Resorts since January 31, 2001. He served as Deputy Undersecretary at the U.S. Department of the Interior from 1982 to 1983 and was Chairman of the 58th Presidential Inaugural Committee. In 1976, Mr. Barrack began his real estate development career as President of Dunn International Corporation, where he oversaw the construction, operation and management of over seven million square feet of industrial, office and multi-family properties in six states. He has produced, written and directed a number of award winning documentary films focused on the action sports world as a co-founder of Little House Productions. He was an Editor of the Law Review at the University of Southern California. He serves as the Chairman of Colony Resorts LVH Acquisitions LLC. He served as the Chairman at Miramax, LLC. He serves as the Chairman of Raffles Hotels & Resorts Limited. Mr. Barrack served as a Co-Chairman at Colony Starwood Homes since July 2012 until June 7, 2017. He serves as a Director at Colony American Homes, Inc. He serves as a Director of Colony Financial, Inc. He has been a Director of Colony RIH Holdings Inc. since March 2001. He serves as a Director at Resorts International Hotel and Casino, Inc. since October 2000. He has been a Director of RIH since April 2001 excluding the period from June 13, 2001 to August 22, 2001. He has been a Director of resorts international hotel Inc. since August 22, 2001. He has been a Director of Station Casinos Inc. since November 7, 2007. He serves as a Board Member at First Republic Investment Management, Inc. Mr. Barrack serves as a Director of First Republic BanCorp. Inc. He serves as the Sole Member of Colony RIH Voteco LLC. He has been an Independent Director of First Republic Bank since July 1, 2010 and served as its Director from 2001 to 2007. He serves as a Trustee of Pepperdine University and University of Southern California and was awarded France’s Chevalier de la Légion d’honneur by President Nicolas Sarkozy. He serves as a Member of Advisory Panel of Capitaland Residential Limited. He served as a Member of International Advisory Panel of Capitaland Limited. He has been Chairman of the Board of Colony Global Acquisition Corporation since November 24, 2015. He has been the Chairman of Harvey's Casino Resorts since February 1, 1998 He has been Chairman of the Board of Directors of Harveys Casino Resorts since February 2, 1999. He served as a Director of United Airlines, Inc from August 1994 to September 13, 2007. He served as a Board Member of SBE Entertainment Group, LLC. He served as a Member of Supervisory Board of Accor SA since May 3, 2005. He served as a Director of CPH Management Limited, Responsible Entity of Challenger Financial Service Group Limited since November 22, 2007. Mr. Barrack served as a Director of Public Storage, the General Partner of PS Partners IV Ltd. since February 1998. He served as a Director of Megaworld Corp., from May 19, 2004 to May 15, 2006 and previously served as its Director from August 1999 to June 2002. He served as Director at Accor SA from January 9, 2006 to April 2013. He served as a Director of Carrefour SA since January 15, 2014. He served as Director of Challenger Financial Service Group Limited from November 22, 2007 to 2013. He served as a Director of Kerry Properties Limited, Kennedy Wilson Holdings Inc., Standard Chartered Bank Korea Limited and MegaWorld Inc. He served as a Director of Challenger limited since October 6, 2010. He served as a Director of American Gaming Association until May 2010. He received a J.D. from the University of San Diego in 1972. Mr. Barrack received a BA in English from the University of Southern California in 1969. He attended Law School at the University of San Diego and the University of Southern California.

CEO Compensation
  • Tom's compensation has increased whilst company is loss making.
  • Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Colony Capital management team in years:

1.2
Average Tenure
50.5
Average Age
  • The average tenure for the Colony Capital management team is less than 2 years, this suggests a new team.
Management Team

Tom Barrack

TITLE
Founder
COMPENSATION
$9M
AGE
70
TENURE
0.5 yrs

Darren Tangen

TITLE
President
COMPENSATION
$9M
AGE
47
TENURE
0.5 yrs

Mark Hedstrom

TITLE
Executive VP
COMPENSATION
$3M
AGE
59
TENURE
0.3 yrs

Kevin Traenkle

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$3M
AGE
48
TENURE
9.9 yrs

Ron Sanders

TITLE
Executive VP
COMPENSATION
$3M
AGE
54
TENURE
9.7 yrs

Neale Redington

TITLE
MD & Chief Accounting Officer
AGE
51

Brian Lee

TITLE
MD & Head of Corporate Finance

Jonathan Lang

TITLE
MD & Chief Information Officer
AGE
50
TENURE
1.2 yrs

Karren Fink

TITLE
MD & Global Head of Human Resources
TENURE
1.2 yrs

David Palamé

TITLE
MD & Deputy General Counsel
AGE
41
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the Colony Capital board of directors in years:

2.3
Average Tenure
69
Average Age
  • The average tenure for the Colony Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tom Barrack

TITLE
Founder
COMPENSATION
$9M
AGE
70
TENURE
2.3 yrs

John Somers

TITLE
Independent Non-Executive Director
COMPENSATION
$267K
AGE
74

Launny Steffens

TITLE
Independent Non-Executive Director
COMPENSATION
$267K
AGE
77
TENURE
2.3 yrs

George Parker

TITLE
Independent Director
COMPENSATION
$272K
AGE
79
TENURE
9.7 yrs

Jon Fosheim

TITLE
Independent Non-Executive Director
COMPENSATION
$267K
AGE
68
TENURE
2.3 yrs

Nancy Curtin

TITLE
Lead Director
COMPENSATION
$277K
AGE
60
TENURE
2.3 yrs

Doug Crocker

TITLE
Independent Non-Executive Director
COMPENSATION
$252K
AGE
78
TENURE
2.3 yrs

Justin Metz

TITLE
Independent Non-Executive Director
COMPENSATION
$252K
AGE
44
TENURE
2.3 yrs

Charles Schoenherr

TITLE
Independent Non-Executive Director
COMPENSATION
$252K
AGE
58
TENURE
2.3 yrs

Ray Mikulich

TITLE
Independent Director
AGE
65
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Colony Capital insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Apr 19 Sell Thomas Barrack Individual 26. Mar 19 26. Mar 19 -7,356 $21.86 $-160,768
25. Mar 19 Sell Thomas Barrack Individual 22. Mar 19 22. Mar 19 -12,888 $22.87 $-294,712
25. Mar 19 Sell Thomas Barrack Individual 21. Mar 19 25. Mar 19 -51,298 $22.03 $-1,124,892
20. Mar 19 Sell Thomas Barrack Individual 18. Mar 19 20. Mar 19 -78,458 $22.19 $-1,717,946
18. Mar 19 Sell Thomas Barrack Individual 14. Mar 19 14. Mar 19 -100,000 $21.80 $-2,180,000
28. Sep 18 Sell Thomas Barrack Individual 25. Sep 18 25. Sep 18 -42,093 $22.78 $-958,786
X
Management checks
We assess Colony Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Colony Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CLNY.PRH News

Simply Wall St News

CLNY.PRH Company Info

Description

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. 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) and NorthStar Realty Europe Corp. (NYSE: NRE), which are both externally managed by subsidiaries of the Company; and (c) various other equity and debt investments. The Company is headquartered in Los Angeles with key offices in New York, Paris and London, and has over 400 employees across 19 locations in 12 countries.

Details
Name: Colony Capital, Inc.
CLNY.PRH
Exchange: NYSE
Founded: 2009
$2,667,501,417
$2,506,659,057
516,957,639
Website: http://www.clny.com
Address: Colony Capital, Inc.
515 South Flower Street,
44th Floor,
Los Angeles,
California, 90071,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CLNY New Class A Common Stock New York Stock Exchange US USD 11. Jan 2017
DB 6CL New Class A Common Stock Deutsche Boerse AG DE EUR 11. Jan 2017
LSE 0YY7 New Class A Common Stock London Stock Exchange GB USD 11. Jan 2017
NYSE CLNY.PRB PFD B 8.25% New York Stock Exchange US USD 11. Jan 2017
NYSE CLNY.PRE PFD SER E 8.75% New York Stock Exchange US USD 11. Jan 2017
NYSE CLNY.PRG 7.5% CUM PFD G New York Stock Exchange US USD 12. Jan 2017
NYSE CLNY.PRH 7.125% PFD SER H New York Stock Exchange US USD 11. Jan 2017
NYSE CLNY.PRI 7.15% CUM PFD I New York Stock Exchange US USD 25. May 2017
NYSE CLNY.PRJ 7.125% CUM PFD J New York Stock Exchange US USD 14. Sep 2017
Number of employees
Current staff
Staff numbers
400
Colony Capital employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 06:39
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.