Colony NorthStar Inc (NYSE:CLNS) has been given an average rating of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.00.
Several analysts have commented on the stock. TheStreet cut shares of Colony NorthStar from a “c-” rating to a “d+” rating in a research note on Wednesday. ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Wedbush restated an “outperform” rating and set a $9.00 price objective (down from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. B. Riley cut their target price on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 target price on shares of Colony NorthStar in a report on Friday, March 2nd.
Shares of Colony NorthStar (NYSE:CLNS) traded down $0.14 during midday trading on Wednesday, reaching $5.94. 11,192,041 shares of the company’s stock traded hands, compared to its average volume of 11,306,876. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.14 and a current ratio of 5.14. Colony NorthStar has a twelve month low of $5.28 and a twelve month high of $14.74. The firm has a market cap of $3,286.13, a PE ratio of -9.43 and a beta of 1.21.
Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings data 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). Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The business had revenue of $720.30 million for the quarter, compared to analyst estimates of $755.19 million. The business’s revenue for the quarter was up 245.5% on a year-over-year basis. sell-side analysts forecast that Colony NorthStar will post 0.46 earnings per share for the current fiscal year.
The company also recently announced 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 annualized dividend and a dividend yield of 7.41%. The ex-dividend date is Wednesday, March 28th. Colony NorthStar’s dividend payout ratio (DPR) is -171.43%.
In other news, insider David T. Hamamoto sold 2,225,909 shares of Colony NorthStar stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.09, for a total transaction of $26,911,239.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Steffens bought 10,000 shares of the business’s stock in a transaction dated 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 owns 61,690 shares in the company, valued at $366,438.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,688,189 shares of company stock valued at $32,477,839. Insiders own 7.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings 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 worth $370,309,000 after acquiring an additional 160,178 shares in the last quarter. Private Management Group Inc. increased its holdings 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 worth $95,136,000 after acquiring an additional 134,377 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Colony NorthStar by 1.7% in the 4th quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock worth $67,337,000 after acquiring an additional 97,345 shares in the last quarter. NWQ Investment Management Company LLC increased its holdings in Colony NorthStar by 1.1% in the 4th quarter. NWQ Investment Management Company LLC now owns 5,221,011 shares of the real estate investment trust’s stock worth $59,572,000 after acquiring an additional 58,792 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Colony NorthStar by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,537,155 shares of the real estate investment trust’s stock worth $51,740,000 after acquiring an additional 27,781 shares in the last quarter. 82.02% of the stock is owned by institutional investors.
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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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