News articles about Colony NorthStar (NYSE:CLNS) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colony NorthStar earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.1527909408371 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts recently issued reports on CLNS shares. ValuEngine upgraded Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. 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. 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. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, JMP Securities raised 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. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $16.05.
Shares of Colony NorthStar (NYSE CLNS) traded down $0.33 on Friday, reaching $10.36. The company’s stock had a trading volume of 12,930,000 shares, compared to its average volume of 3,830,000. Colony NorthStar has a fifty-two week low of $10.35 and a fifty-two week high of $14.92. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5,650.00, a PE ratio of -259.00 and a beta of 1.46.
Colony NorthStar (NYSE:CLNS) last issued its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. The business had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. The business’s revenue was up 271.9% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given 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 dividend yield of 10.42%. Colony NorthStar’s dividend payout ratio (DPR) is presently -2,700.00%.
In other Colony NorthStar news, insider Neale Redington sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total value of $146,750.00. Following the sale, the insider now owns 182,908 shares in the company, valued at approximately $2,147,339.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David T. Hamamoto sold 2,225,909 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $12.09, for a total value of $26,911,239.81. The disclosure for this sale can be found here. Insiders sold a total of 3,493,363 shares of company stock worth $42,260,703 in the last quarter. Corporate insiders own 7.99% of the company’s stock.
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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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