Colony NorthStar Inc (NYSE:CLNS) insider Neale Redington sold 12,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total transaction of $146,750.00. Following the transaction, the insider now directly owns 182,908 shares of the company’s stock, valued at approximately $2,147,339.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Colony NorthStar Inc (NYSE CLNS) opened at $10.36 on Friday. The firm has a market cap of $5,659.33, a PE ratio of 43.17 and a beta of 1.49. Colony NorthStar Inc has a 1-year low of $10.35 and a 1-year high of $14.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.64 and a quick ratio of 4.64.
Colony NorthStar (NYSE:CLNS) last posted its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. The business had revenue of $788.90 million during the quarter, compared to the consensus estimate of $695.50 million. The business’s revenue was up 271.9% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date is Thursday, December 28th.
A number of hedge funds and other institutional investors have recently modified their holdings of CLNS. Schroder Investment Management Group acquired a new stake in Colony NorthStar in the 2nd quarter valued at about $392,000. K2 Principal Fund L.P. lifted its holdings 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 last quarter. Twin Capital Management Inc. lifted its holdings 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 last quarter. Relative Value Partners Group LLC lifted its holdings 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 last quarter. Finally, Legal & General Group Plc lifted its holdings 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 last quarter. 82.27% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on CLNS shares. JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a report on Tuesday, October 3rd. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Colony NorthStar presently has a consensus rating of “Buy” and a consensus price target of $16.05.
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About Colony NorthStar
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.
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