TheStreet lowered shares of Colony NorthStar (NYSE:CLNS) from a c- rating to a d+ rating in a report published on Wednesday morning.
Other research analysts have also recently issued research reports about the stock. B. Riley cut their target price on shares of Colony NorthStar from $15.00 to $12.50 and set a buy rating for the company in a research note on Wednesday, January 31st. ValuEngine upgraded shares of Colony NorthStar from a buy rating to a strong-buy rating in a research note on Saturday, March 10th. Wedbush reiterated an outperform rating and issued a $9.00 target price (down previously from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $6.00 target price on shares of Colony NorthStar in a research note on Friday, March 2nd. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $19.00 target price on shares of Colony NorthStar in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $12.00.
Shares of Colony NorthStar (NYSE CLNS) traded up $0.07 on Wednesday, reaching $6.08. 10,135,252 shares of the company’s stock were exchanged, compared to its average volume of 8,893,775. The company has a market capitalization of $3,248.29, a PE ratio of -9.65 and a beta of 1.21. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 1.01. Colony NorthStar has a 1 year low of $5.28 and a 1 year high of $14.74.
Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The business’s revenue for the quarter was up 245.5% compared to the same quarter last year. analysts expect that Colony NorthStar will post 0.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Wednesday, March 28th. Colony NorthStar’s dividend payout ratio (DPR) is presently -171.43%.
In related news, Director John Steffens acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $5.94 per share, for a total transaction of $59,400.00. Following the transaction, the director now directly owns 61,690 shares of the company’s stock, valued at approximately $366,438.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman David T. Hamamoto sold 449,780 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00. The disclosure for this sale can be found here. Insiders sold a total of 2,688,189 shares of company stock valued at $32,477,839 in the last 90 days. 7.99% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its holdings in Colony NorthStar by 6.3% during the 4th quarter. Amalgamated Bank now owns 103,324 shares of the real estate investment trust’s stock worth $1,179,000 after acquiring an additional 6,153 shares during the period. Mackenzie Financial Corp grew its holdings in Colony NorthStar by 31.8% during the 4th quarter. Mackenzie Financial Corp now owns 26,033 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 6,279 shares during the period. Assetmark Inc. grew its holdings in Colony NorthStar by 1.5% during the 4th quarter. Assetmark Inc. now owns 556,336 shares of the real estate investment trust’s stock worth $6,348,000 after acquiring an additional 8,331 shares during the period. Toronto Dominion Bank grew its holdings in Colony NorthStar by 39.6% during the 4th quarter. Toronto Dominion Bank now owns 30,869 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 8,756 shares during the period. Finally, Opus Capital Group LLC acquired a new stake in Colony NorthStar during the 4th quarter worth $114,000. Hedge funds and other institutional investors own 82.02% 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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