Family Management Corp lifted its position in shares of Colony NorthStar Inc (NYSE:CLNS) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,156 shares of the real estate investment trust’s stock after purchasing an additional 26,626 shares during the period. Family Management Corp’s holdings in Colony NorthStar were worth $778,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Colony NorthStar by 6.3% during the fourth quarter. Amalgamated Bank now owns 103,324 shares of the real estate investment trust’s stock worth $1,179,000 after purchasing an additional 6,153 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Colony NorthStar by 31.8% during the fourth quarter. Mackenzie Financial Corp now owns 26,033 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 6,279 shares during the period. Assetmark Inc. lifted its holdings in Colony NorthStar by 1.5% in the fourth quarter. Assetmark Inc. now owns 556,336 shares of the real estate investment trust’s stock worth $6,348,000 after buying an additional 8,331 shares during the period. Toronto Dominion Bank lifted its holdings in Colony NorthStar by 39.6% in the fourth quarter. Toronto Dominion Bank now owns 30,869 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 8,756 shares during the period. Finally, Opus Capital Group LLC purchased a new stake in Colony NorthStar in the fourth quarter worth about $114,000. Institutional investors own 82.84% of the company’s stock.
In other Colony NorthStar news, Director John Steffens bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average price of $5.94 per share, with a total value of $59,400.00. Following the completion of the purchase, the director now owns 61,690 shares of the company’s stock, valued at $366,438.60. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Neale Redington sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total transaction of $146,750.00. Following the transaction, the insider now directly owns 182,908 shares of the company’s stock, valued at approximately $2,147,339.92. The disclosure for this sale can be found here. 7.99% of the stock is currently owned by company insiders.
Several analysts have commented on the stock. TheStreet lowered shares of Colony NorthStar from a “c-” rating to a “d+” rating in a report on Wednesday, March 14th. B. Riley lowered their price objective on shares of Colony NorthStar from $15.00 to $12.50 and set a “buy” rating for the company in a report on Wednesday, January 31st. ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Wedbush restated an “outperform” rating and issued a $9.00 price objective (down from $17.25) on shares of Colony NorthStar in a report on Tuesday, March 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $6.00 price objective on shares of Colony NorthStar in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Colony NorthStar has a consensus rating of “Buy” and an average target price of $12.00.
Shares of Colony NorthStar Inc (NYSE:CLNS) opened at $5.90 on Tuesday. Colony NorthStar Inc has a 1-year low of $5.28 and a 1-year high of $14.74. The company has a market cap of $3,210.46, a PE ratio of -9.37 and a beta of 1.21. 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 (NYSE:CLNS) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $755.19 million. The firm’s revenue for the quarter was up 245.5% compared to the same quarter last year. equities 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. Shareholders of record on Friday, March 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date is Wednesday, March 28th. Colony NorthStar’s dividend payout ratio is -171.43%.
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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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