Colony NorthStar Inc (NYSE:CLNS) Insider David T. Hamamoto Sells 2,225,909 Shares

Colony NorthStar Inc (NYSE:CLNS) insider David T. Hamamoto sold 2,225,909 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $12.09, for a total transaction of $26,911,239.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

David T. Hamamoto also recently made the following trade(s):

  • On Monday, December 18th, David T. Hamamoto sold 449,780 shares of Colony NorthStar stock. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00.
  • On Thursday, December 14th, David T. Hamamoto sold 805,174 shares of Colony NorthStar stock. The stock was sold at an average price of $12.15, for a total transaction of $9,782,864.10.

Shares of Colony NorthStar Inc (NYSE CLNS) traded down $0.33 during midday trading on Friday, hitting $10.36. 12,930,000 shares of the stock were exchanged, compared to its average volume of 3,490,000. The firm has a market cap of $5,650.00, a PE ratio of -259.00 and a beta of 1.46. Colony NorthStar Inc has a twelve month low of $10.35 and a twelve month high of $14.92. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95.

Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $788.90 million for the quarter, compared to analysts’ expectations of $695.50 million. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. The business’s revenue was up 271.9% compared to the same quarter last year. equities analysts forecast that Colony NorthStar Inc will post 1.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 10.42%. Colony NorthStar’s dividend payout ratio is currently -2,700.00%.

Institutional investors have recently added to or reduced their stakes in the stock. Twin Capital Management Inc. grew its stake in Colony NorthStar by 18.2% in the 3rd quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock valued at $2,199,000 after acquiring an additional 26,970 shares during the period. Legal & General Group Plc grew its stake in Colony NorthStar by 10.9% in the 3rd quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock valued at $7,085,000 after acquiring an additional 55,336 shares during the period. K2 Principal Fund L.P. grew its stake in Colony NorthStar by 18.5% in the 3rd quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock valued at $1,255,000 after acquiring an additional 15,587 shares during the period. Relative Value Partners Group LLC grew its stake in Colony NorthStar by 23.9% in the 3rd quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock valued at $2,403,000 after acquiring an additional 36,094 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Colony NorthStar by 104.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,210,035 shares of the real estate investment trust’s stock valued at $27,758,000 after acquiring an additional 1,130,318 shares during the period. 82.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Friday, November 10th. FBR & Co reaffirmed a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Tuesday, October 3rd. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.05.

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Colony NorthStar Company Profile

Colony NorthStar, Inc is a diversified equity real estate investment trust (REIT). The Company combines a portfolio of real assets across the world, which are managed with a global real estate investment manager. The Company has property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments, and an embedded institutional and retail investment management business.

Insider Buying and Selling by Quarter for Colony NorthStar (NYSE:CLNS)

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