Looking back to 5 days ago, Colony Financial Inc. (NYSE:CLNY) priced a 10,000,000 share secondary stock offering at $19.45 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Monday, bargain hunters could buy shares of CLNY and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $19.43 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Colony Financial Inc. shares are currently trading trading flat on the day. The chart below shows the one year performance of CLNY shares, versus its 200 day moving average:
Looking at the chart above, CLNY's low point in its 52 week range is $14.81 per share, with $20.28 as the 52 week high point — that compares with a last trade of $19.55.
The current annualized dividend paid by Colony Financial Inc. is $1.40/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 12/27/2012. Below is a long-term dividend history chart for CLNY, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.
This Article's Word Cloud:BelowBuyersCLNYColonyDefinitionDividendsETFsEarningsFinancialImportanceLookingMORTMondayMortgageRateStockWhatannualizedbackchartcompanycurrentlydividendescapefillColorgridColorhuntersinvestmentlastleftLabelsEverylikelymostofferingopportunitiesotherpaidpointpricedrecentsharesharesshowVolumeTablestockthattradingunchangedweekwhatwhichwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.