CLNY Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of Colony Financial Inc. ( CLNY) crossed below their last reported book value — defined as common shareholder equity per share — of $21.71, changing hands as low as $21.69 per share. Colony Financial Inc. shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of CLNY shares, versus its 50 and 200 day moving averages:

START SLIDESHOW:
Click here to find out which 9 other stocks recently crossed below their book value »

Colony Financial Inc. Moving Averages Chart

Looking at the chart above, CLNY's low point in its 52 week range is $19.36 per share, with $23.51 as the 52 week high point — that compares with a last trade of $21.70.

According to the ETF Finder at ETF Channel, CLNY makes up 4.85% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.4% on the day Tuesday.

If you liked this article you might like

An Investment Guru's Tactics That Have Stood the Test of Time

Litt Lights Way to 3 REIT Opportunities

How to Find 100-to-1 Moonshots

These 5 Dividend-Paying REITs Are Breaking Out

Mortgage Insurers Catch the Eye of EJF Capital

Mortgage Insurers Catch the Eye of EJF Capital