Colony NorthStar Inc (CLNS) Receives Consensus Rating of “Buy” from Analysts

Colony NorthStar Inc (NYSE:CLNS) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.05.

A number of brokerages have recently weighed in on CLNS. B. Riley restated a “buy” rating on shares of Colony NorthStar in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. FBR & Co restated a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Colony NorthStar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, JMP Securities upgraded shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Friday, January 5th.

Shares of Colony NorthStar (NYSE:CLNS) opened at $10.18 on Tuesday. 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 stock has a market cap of $5,539.15, a P/E ratio of 42.25 and a beta of 1.49. Colony NorthStar has a one year low of $10.10 and a one year high of $14.74.

Colony NorthStar (NYSE:CLNS) last posted its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $788.90 million during 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 firm’s revenue for the quarter was up 271.9% compared to the same quarter last year. equities research analysts predict that Colony NorthStar will post 1.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend was Thursday, December 28th.

In related news, 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 owns 182,908 shares of the company’s stock, valued at $2,147,339.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David T. Hamamoto sold 2,225,909 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 3,493,363 shares of company stock valued at $42,260,703 over the last 90 days. 7.99% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC increased its holdings in Colony NorthStar by 1.7% in the 4th quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock valued at $67,337,000 after buying an additional 97,345 shares during the period. Wells Fargo & Company MN increased its holdings 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 buying an additional 1,130,318 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in Colony NorthStar by 17.9% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 1,734,802 shares of the real estate investment trust’s stock valued at $19,794,000 after buying an additional 263,177 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Colony NorthStar by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock valued at $19,441,000 after buying an additional 71,351 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Colony NorthStar by 79.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock valued at $11,368,000 after buying an additional 402,062 shares during the period. 82.31% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Colony NorthStar (NYSE:CLNS)

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