Colony NorthStar (CLNS) Hits New 12-Month Low at $8.04

Colony NorthStar Inc (NYSE:CLNS)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $8.04 and last traded at $8.05, with a volume of 2988288 shares changing hands. The stock had previously closed at $8.25.

Several research firms have weighed in on CLNS. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine downgraded Colony NorthStar from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of Colony NorthStar in a research note on Wednesday, January 31st. JMP Securities upgraded 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. Finally, B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.35.

The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64. The firm has a market cap of $4,391.99, a P/E ratio of 33.50 and a beta of 1.11.

In related news, insider David T. Hamamoto sold 2,225,909 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neale Redington sold 12,500 shares of the business’s stock in a transaction that occurred 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 approximately $2,147,339.92. The disclosure for this sale can be found here. Insiders sold a total of 3,493,363 shares of company stock valued at $42,260,703 in the last quarter. Company insiders own 7.99% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Syntal Capital Partners LLC purchased a new stake in Colony NorthStar during the fourth quarter worth approximately $259,000. RMR Advisors LLC lifted its stake in Colony NorthStar by 90.9% during the fourth quarter. RMR Advisors LLC now owns 104,980 shares of the real estate investment trust’s stock worth $1,198,000 after purchasing an additional 50,000 shares during the last quarter. Strs Ohio lifted its stake in Colony NorthStar by 1.9% during the fourth quarter. Strs Ohio now owns 701,153 shares of the real estate investment trust’s stock worth $8,000,000 after purchasing an additional 12,988 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Colony NorthStar by 4.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock worth $19,441,000 after purchasing an additional 71,351 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Colony NorthStar by 79.8% during the third quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock worth $11,368,000 after purchasing an additional 402,062 shares during the last quarter. Hedge funds and other institutional investors own 81.47% 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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