Mutual of America Capital Management LLC decreased its holdings in Colony NorthStar Inc (NYSE:CLNS) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 460,079 shares of the real estate investment trust’s stock after selling 27,508 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Colony NorthStar were worth $5,250,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CLNS. Tahithromos L.L.C. bought a new position in Colony NorthStar in the 3rd quarter valued at $8,524,000. Relative Value Partners Group LLC raised its position in Colony NorthStar by 23.9% in the 3rd quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock valued at $2,403,000 after purchasing an additional 36,094 shares during the last quarter. K2 Principal Fund L.P. raised its position in Colony NorthStar by 18.5% in the 3rd quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock valued at $1,255,000 after purchasing an additional 15,587 shares during the last quarter. Legal & General Group Plc raised its position in Colony NorthStar by 10.9% in the 3rd quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock valued at $7,085,000 after purchasing an additional 55,336 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Colony NorthStar by 79.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock valued at $11,368,000 after purchasing an additional 402,062 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Shares of Colony NorthStar Inc (NYSE:CLNS) opened at $8.74 on Monday. The company has a market capitalization of $4,774.37, a price-to-earnings ratio of 36.42 and a beta of 1.11. Colony NorthStar Inc has a 52 week low of $8.50 and a 52 week high of $14.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.64 and a quick ratio of 4.64.
Colony NorthStar (NYSE:CLNS) last released its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. The firm’s revenue for the quarter was up 271.9% compared to the same quarter last year. sell-side analysts predict that Colony NorthStar Inc will post 1.04 earnings per share for the current fiscal year.
In other news, insider Neale Redington sold 12,500 shares of Colony NorthStar stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total value of $146,750.00. Following the completion of the sale, the insider now directly owns 182,908 shares of the company’s stock, valued at approximately $2,147,339.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of Colony NorthStar stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.15, for a total value of $9,782,864.10. The disclosure for this sale can be found here. Insiders sold a total of 3,493,363 shares of company stock valued at $42,260,703 over the last three months. Insiders own 7.99% of the company’s stock.
Several brokerages have issued reports on CLNS. B. Riley reiterated a “buy” rating on shares of Colony NorthStar in a research report on Wednesday, November 1st. ValuEngine cut Colony NorthStar from a “strong-buy” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 target price on shares of Colony NorthStar in a research note on Wednesday, January 31st. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, JMP Securities raised Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $15.35.
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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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