Owners of Colony Financial (NYSE: CLNY) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $22.47 as of 9:36 a.m. ET, the dividend yield is 6.2%. The average volume for Colony Financial has been 798,200 shares per day over the past 30 days. Colony Financial has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 14.7% year to date as of the close of trading on Friday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. 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 17.08. Currently there are 3 analysts that rate Colony Financial a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates Colony Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Colony Financial Ratings Report now.