Koch Industries Inc. reduced its position in Colony NorthStar Inc (NYSE:CLNS) by 29.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,970 shares of the real estate investment trust’s stock after selling 11,593 shares during the period. Koch Industries Inc.’s holdings in Colony NorthStar were worth $319,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Opus Capital Group LLC acquired a new stake in Colony NorthStar in the 4th quarter valued at about $114,000. American International Group Inc. acquired a new stake in Colony NorthStar in the 4th quarter valued at about $128,000. MML Investors Services LLC acquired a new stake in Colony NorthStar in the 4th quarter valued at about $132,000. Lourd Capital LLC acquired a new stake in Colony NorthStar in the 4th quarter valued at about $242,000. Finally, Syntal Capital Partners LLC acquired a new stake in Colony NorthStar in the 4th quarter valued at about $259,000. Institutional investors and hedge funds own 82.02% of the company’s stock.
Shares of Colony NorthStar Inc (CLNS) opened at $5.95 on Wednesday. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3,237.48, a P/E ratio of -9.44 and a beta of 1.21. Colony NorthStar Inc has a 1 year low of $5.28 and a 1 year high of $14.74.
Colony NorthStar (NYSE:CLNS) last issued 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 Thomson Reuters’ consensus estimate of $0.24 by ($0.08). The company had revenue of $720.30 million for the quarter, compared to analyst estimates of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The business’s revenue was up 245.5% compared to the same quarter last year. sell-side analysts anticipate that Colony NorthStar Inc will post 0.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 annualized dividend and a yield of 7.39%. Colony NorthStar’s dividend payout ratio (DPR) is presently -171.43%.
In related news, Director John Steffens acquired 10,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $5.94 per share, for a total transaction of $59,400.00. Following the completion of the transaction, the director now directly owns 61,690 shares of the company’s stock, valued at approximately $366,438.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.15, for a total transaction of $9,782,864.10. The disclosure for this sale can be found here. Insiders have sold 3,493,363 shares of company stock valued at $42,260,703 over the last 90 days. Company insiders own 7.99% of the company’s stock.
Several equities research analysts recently issued reports on CLNS shares. JMP Securities upgraded shares of 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. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of Colony NorthStar in a research note on Monday, January 22nd. ValuEngine downgraded shares of Colony NorthStar from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Colony NorthStar in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $12.00.
Colony NorthStar Profile
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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