Quantitative Systematic Strategies LLC lifted its stake in shares of Colony NorthStar (NYSE:CLNS) by 87.9% in the 1st quarter, Holdings Channel reports. The firm owned 47,221 shares of the real estate investment trust’s stock after buying an additional 22,091 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Colony NorthStar were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Colony NorthStar by 9.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 652,748 shares of the real estate investment trust’s stock worth $3,668,000 after purchasing an additional 53,870 shares during the last quarter. Conning Inc. increased its stake in shares of Colony NorthStar by 35.3% during the 1st quarter. Conning Inc. now owns 857,728 shares of the real estate investment trust’s stock worth $4,820,000 after purchasing an additional 223,602 shares during the last quarter. Buckhead Capital Management LLC increased its stake in shares of Colony NorthStar by 45.1% during the 1st quarter. Buckhead Capital Management LLC now owns 160,872 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 50,000 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony NorthStar during the 1st quarter worth approximately $123,000. Finally, Honeywell International Inc. increased its stake in shares of Colony NorthStar by 34.8% during the 1st quarter. Honeywell International Inc. now owns 97,400 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 25,132 shares during the last quarter. Institutional investors own 83.85% of the company’s stock.
Several brokerages have recently issued reports on CLNS. Zacks Investment Research upgraded shares of Colony NorthStar from a “strong sell” rating to a “hold” rating and set a $6.75 price target for the company in a research note on Monday, May 7th. ValuEngine lowered shares of Colony NorthStar from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. TheStreet lowered shares of Colony NorthStar from a “c-” rating to a “d+” rating in a research note on Wednesday, March 14th. B. Riley decreased their price target on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, March 7th. Finally, Wedbush restated an “outperform” rating and set a $9.00 price target (down previously from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $11.25.
In other Colony NorthStar news, Director John Steffens acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought 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 in the company, valued at $366,438.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.75% of the stock is currently owned by company insiders.
Colony NorthStar opened at $5.80 on Friday, according to Marketbeat.com. Colony NorthStar has a 12 month low of $5.28 and a 12 month high of $14.74. The company has a current ratio of 3.68, a quick ratio of 5.14 and a debt-to-equity ratio of 1.04.
Colony NorthStar (NYSE:CLNS) last released its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.25). The business had revenue of $666.66 million during the quarter, compared to the consensus estimate of $676.48 million. Colony NorthStar had a negative return on equity of 2.42% and a negative net margin of 9.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. equities analysts predict that Colony NorthStar will post 0.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.59%. The ex-dividend date is Thursday, June 28th.
Colony NorthStar Company Profile
Colony NorthStar, Inc (NYSE:CLNS) is a leading global real estate and investment management firm. The Company resulted from the January 2017 merger between Colony Capital, Inc, NorthStar Asset Management Group Inc and NorthStar Realty Finance Corp. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, other equity and debt investments and an embedded institutional and retail investment management business.
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