Colony CapitalCLNY 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).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.