Landscape Capital Management L.L.C. acquired a new position in shares of Colony NorthStar Inc (NYSE:CLNS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 85,378 shares of the real estate investment trust’s stock, valued at approximately $974,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Opus Capital Group LLC purchased a new position in Colony NorthStar in the 4th quarter worth about $114,000. American International Group Inc. purchased a new position in Colony NorthStar during the 4th quarter valued at about $128,000. Lourd Capital LLC purchased a new position in Colony NorthStar during the 4th quarter valued at about $242,000. Syntal Capital Partners LLC purchased a new position in Colony NorthStar during the 4th quarter valued at about $259,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Colony NorthStar in the 4th quarter valued at approximately $287,000. Hedge funds and other institutional investors own 82.02% of the company’s stock.
In related news, Vice Chairman David T. Hamamoto sold 449,780 shares of Colony NorthStar stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Steffens acquired 10,000 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now directly owns 61,690 shares in the company, valued at $366,438.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 3,493,363 shares of company stock valued at $42,260,703. Corporate insiders own 7.99% of the company’s stock.
Colony NorthStar Inc (NYSE:CLNS) traded up $0.06 during midday trading on Wednesday, hitting $6.01. The stock had a trading volume of 8,049,319 shares, compared to its average volume of 10,920,000. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.14 and a current ratio of 5.14. The firm has a market capitalization of $3,280.00, a price-to-earnings ratio of -8.46 and a beta of 1.17. Colony NorthStar Inc has a 52 week low of $5.28 and a 52 week high of $14.74.
Colony NorthStar (NYSE:CLNS) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.08). The firm had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The company’s revenue was up 245.5% compared to the same quarter last year. analysts anticipate that Colony NorthStar Inc will post 0.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.32%. Colony NorthStar’s dividend payout ratio is -152.11%.
Several research firms recently weighed in on CLNS. JMP Securities upgraded Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a report on Friday, January 5th. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. B. Riley restated a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research report on Monday, January 22nd. ValuEngine cut Colony NorthStar from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Colony NorthStar presently has an average rating of “Buy” and a consensus target price of $12.00.
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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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