NEW YORK ( TheStreet) -- The ex-dividend date for Colony Financial (NYSE: CLNY) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $17.24 as of 9:30 a.m. ET, the dividend yield is 8.1%. The average volume for Colony Financial has been 189,000 shares per day over the past 30 days. Colony Financial has a market cap of $571.8 million and is part of the financial sector and real estate industry. Shares are up 9.4% year to date as of the close of trading on Monday. Colony Financial, Inc. operates as a real estate finance and investment company that focuses primarily on acquiring, originating, and managing commercial mortgage loans, and other commercial real estate-related debt investments. The company has a P/E ratio of 12.2, above the average real estate industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Colony Financial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Colony Financial Ratings Report. See our dividend calendar or top-yielding stocks list.