Colony Financial (clny) Stock Declines After $1.6 Billion Purchase

twocents@thestreet.com (Tony Owusu), The Street
Wed, 11/19/2014 - 11:14am

NEW YORK (TheStreet) -- Colony Financial shares are down 1% to $24.33 in trading on Wednesday after the real estate investment and financial services company announced that it bought industrial properties company Cobalt Capital Partners for $1.6 billion. The company said that 70% of the purchase price will be financed by GE Capital Real Estate , while the rest of the deal will be financed through equity. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.

Topics: york thestreet cobalt capital partners ge capital real estate read favorite stocks colony financial inc clny y this highlights real estate investment trusts reits ratings report the colony financial colony financial real estate b+ stocks to thestreet quant ratings triple thestreet ratings colony financial inc thestreet ratings team clny this clny s&p click purchase year company earnings growth quarter profit margin industry net compared income price share prior strengths revenue deal identified analysis exceeded view potentially months coming learn handful performance financed million fact significantly gross outperformed equity results market period multiple

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Colony Financial (clny) Stock Declines After $1.6 Billion Purchase

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