MANA Advisors LLC bought a new stake in Colony NorthStar Inc (NYSE:CLNS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,600 shares of the real estate investment trust’s stock, valued at approximately $121,000.
A number of other large investors have also recently added to or reduced their stakes in CLNS. Opus Capital Group LLC acquired a new position in shares of Colony NorthStar during the 4th quarter valued at about $114,000. American International Group Inc. acquired a new stake in Colony NorthStar during the 4th quarter worth approximately $128,000. MML Investors Services LLC acquired a new stake in Colony NorthStar during the 4th quarter worth approximately $132,000. Lourd Capital LLC acquired a new stake in Colony NorthStar during the 4th quarter worth approximately $242,000. Finally, Syntal Capital Partners LLC acquired a new stake in Colony NorthStar during the 4th quarter worth approximately $259,000. Institutional investors own 82.84% of the company’s stock.
A number of analysts recently issued reports on the stock. JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. B. Riley reiterated a “buy” rating and set a $15.00 target price on shares of Colony NorthStar in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 target price on shares of Colony NorthStar in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.00.
In other news, Director John Steffens bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average cost of $5.94 per share, with a total value of $59,400.00. Following the completion of the acquisition, the director now directly owns 61,690 shares in the company, valued at $366,438.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.99% of the stock is owned by insiders.
CLNS stock opened at $5.59 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.14 and a quick ratio of 5.14. Colony NorthStar Inc has a 1 year low of $5.28 and a 1 year high of $14.74.
Colony NorthStar (NYSE:CLNS) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $720.30 million during 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% compared to the same quarter last year. research analysts predict that Colony NorthStar Inc will post 0.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date is Wednesday, March 28th.
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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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