Colony NorthStar Inc (NYSE:CLNS) – Investment analysts at B. Riley decreased their FY2017 EPS estimates for Colony NorthStar in a report issued on Thursday, Zacks Investment Research reports. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will earn $1.30 per share for the year, down from their prior forecast of $1.34. B. Riley has a “Buy” rating and a $12.50 price objective on the stock. B. Riley also issued estimates for Colony NorthStar’s Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $1.25 EPS.
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of Colony NorthStar from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Colony NorthStar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday. Finally, 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 research 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 company. Colony NorthStar presently has an average rating of “Buy” and an average price target of $15.35.
Shares of Colony NorthStar (CLNS) traded down $0.19 during midday trading on Friday, hitting $8.74. 9,431,571 shares of the stock traded hands, compared to its average volume of 7,131,337. 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 has a one year low of $8.50 and a one year high of $14.74. The stock has a market cap of $4,774.37, a PE ratio of 36.42 and a beta of 1.11.
Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. The company had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. The firm’s quarterly revenue was up 271.9% compared to the same quarter last year.
In other Colony NorthStar news, Vice Chairman David T. Hamamoto sold 449,780 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $12.05, for a total value of $5,419,849.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Neale Redington sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total transaction of $146,750.00. Following the completion of the transaction, the insider now directly owns 182,908 shares of the company’s stock, valued at $2,147,339.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,493,363 shares of company stock valued at $42,260,703. 7.99% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of CLNS. Schroder Investment Management Group acquired a new stake in shares of Colony NorthStar in the 2nd quarter valued at about $392,000. Tahithromos L.L.C. acquired a new stake in shares of Colony NorthStar in the 3rd quarter valued at about $8,524,000. Relative Value Partners Group LLC raised its stake in shares of 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 purchasing an additional 36,094 shares in the last quarter. K2 Principal Fund L.P. raised its stake in shares of 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 purchasing an additional 15,587 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of 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 purchasing an additional 55,336 shares in 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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