Colony NorthStar (CLNS) Lowered to Sell at Zacks Investment Research

Colony NorthStar (NYSE:CLNS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, January 10th.

According to Zacks, “Colony NorthStar, Inc. is a real estate and investment management firm. It creates long-term value through investing in real estate and real estate-related assets. Colony NorthStar Inc., formerly known as Northstar Asset management Group, is based in New York. “

CLNS has been the subject of a number of other reports. 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 research note on Friday, January 5th. ValuEngine raised Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. FBR & Co reissued a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Tuesday, October 3rd. Finally, B. Riley reissued a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Colony NorthStar currently has an average rating of “Buy” and a consensus price target of $15.35.

Shares of Colony NorthStar (NYSE CLNS) traded down $0.19 during trading on Wednesday, hitting $8.74. The stock had a trading volume of 9,431,571 shares, compared to its average volume of 5,970,000. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.64 and a quick ratio of 4.64. The firm has a market cap of $4,770.00, a PE ratio of -218.50 and a beta of 1.08. Colony NorthStar has a fifty-two week low of $8.50 and a fifty-two week high of $14.74.

Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data 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 analyst estimates of $695.50 million. Colony NorthStar’s revenue for the quarter was up 271.9% compared to the same quarter last year. research analysts forecast that Colony NorthStar will post 1.04 EPS for the current year.

In related news, Vice Chairman David T. Hamamoto sold 449,780 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neale Redington sold 12,500 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,147,339.92. The disclosure for this sale can be found here. Insiders sold 3,493,363 shares of company stock valued at $42,260,703 in the last 90 days. Corporate insiders own 7.99% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new position in Colony NorthStar during the second quarter valued at about $392,000. Tahithromos L.L.C. acquired a new stake in shares of Colony NorthStar in the third quarter valued at about $8,524,000. Relative Value Partners Group LLC grew its position in shares of Colony NorthStar by 23.9% in the third 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 purchasing an additional 36,094 shares during the last quarter. K2 Principal Fund L.P. grew its position in shares of Colony NorthStar by 18.5% in the third 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 purchasing an additional 15,587 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Colony NorthStar by 10.9% in the third quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock valued at $7,085,000 after purchasing an additional 55,336 shares during the last quarter. Institutional investors and hedge funds own 82.43% of the company’s stock.

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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.

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