Colony NorthStar (NYSE:CLNS) Stock Rating Lowered by TheStreet

Colony NorthStar (NYSE:CLNS) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a report issued on Wednesday, March 14th.

Several other equities analysts also recently commented on the stock. JMP Securities upgraded shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a report on Friday, January 5th. B. Riley reiterated a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a report on Monday, January 22nd. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of Colony NorthStar in a research note on Wednesday, January 31st. Finally, ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Colony NorthStar has a consensus rating of “Hold” and an average target price of $12.00.

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NYSE:CLNS traded up $0.01 during mid-day trading on Wednesday, hitting $5.59. 5,769,754 shares of the stock traded hands, compared to its average volume of 8,866,424. Colony NorthStar has a 52 week low of $5.28 and a 52 week high of $14.74. 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 (NYSE:CLNS) last issued its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The company’s revenue for the quarter was up 245.5% on a year-over-year basis. sell-side analysts anticipate that Colony NorthStar will post 0.46 earnings per share for the current year.

In related news, Director John Steffens bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were acquired at an average cost of $5.94 per share, for a total transaction of $59,400.00. Following the purchase, the director now directly owns 61,690 shares of the company’s stock, valued at $366,438.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 7.99% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Opus Capital Group LLC purchased a new stake in shares of Colony NorthStar in the 4th quarter worth approximately $114,000. MANA Advisors LLC purchased a new stake in shares of Colony NorthStar in the 4th quarter worth approximately $121,000. Ellington Management Group LLC purchased a new stake in shares of Colony NorthStar in the 4th quarter worth approximately $126,000. American International Group Inc. purchased a new stake in shares of Colony NorthStar in the 4th quarter worth approximately $128,000. Finally, MML Investors Services LLC purchased a new stake in shares of Colony NorthStar in the 4th quarter worth approximately $132,000. Institutional investors and hedge funds own 82.84% 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.

Analyst Recommendations for Colony NorthStar (NYSE:CLNS)

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