Tensile Capital Management LLC increased its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,180,728 shares of the real estate investment trust’s stock after purchasing an additional 765,000 shares during the period. Colony NorthStar makes up 8.1% of Tensile Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Tensile Capital Management LLC owned approximately 0.77% of Colony NorthStar worth $47,702,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. raised its position in Colony NorthStar by 1.6% in the 4th quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock valued at $95,136,000 after buying an additional 134,377 shares during the last quarter. Syntal Capital Partners LLC acquired a new stake in Colony NorthStar in the 4th quarter valued at approximately $259,000. Schwab Charles Investment Management Inc. raised its position 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 last quarter. Boston Partners raised its position in Colony NorthStar by 13.7% in the 4th quarter. Boston Partners now owns 1,098,223 shares of the real estate investment trust’s stock valued at $12,530,000 after buying an additional 132,193 shares during the last quarter. Finally, BlackRock Inc. raised its position in Colony NorthStar by 0.5% in the 4th quarter. BlackRock Inc. now owns 32,454,942 shares of the real estate investment trust’s stock valued at $370,309,000 after buying an additional 160,178 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.
Shares of NYSE:CLNS traded up $0.01 during trading on Friday, hitting $5.59. 5,769,754 shares of the company were exchanged, compared to its average volume of 8,866,424. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 1.01. Colony NorthStar Inc has a fifty-two week low of $5.28 and a fifty-two week 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 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 analyst estimates of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. Colony NorthStar’s revenue was up 245.5% on a year-over-year basis. sell-side analysts anticipate that Colony NorthStar Inc will post 0.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors 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.
A number of equities research analysts recently issued reports on the company. ValuEngine lowered Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Wedbush reaffirmed an “outperform” rating and set a $9.00 price target (down previously from $17.25) on shares of Colony NorthStar in a research report on Tuesday, March 6th. TheStreet lowered Colony NorthStar from a “c-” rating to a “d+” rating in a research report on Wednesday, March 14th. B. Riley lowered their price target on Colony NorthStar from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 price target on shares of Colony NorthStar in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.00.
In other Colony NorthStar news, Director John Steffens bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average cost of $5.94 per share, with a total value of $59,400.00. Following the acquisition, the director now owns 61,690 shares of the company’s stock, valued at $366,438.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.99% of the stock is currently owned by insiders.
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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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