Northern Capital Management LLC grew its holdings in shares of Colony NorthStar (NYSE:CLNS) by 34.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,108 shares of the real estate investment trust’s stock after buying an additional 34,987 shares during the period. Northern Capital Management LLC’s holdings in Colony NorthStar were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teachers Insurance & Annuity Association of America lifted its holdings in shares of Colony NorthStar by 19.7% in the 1st quarter. Teachers Insurance & Annuity Association of America now owns 698,886 shares of the real estate investment trust’s stock valued at $3,928,000 after purchasing an additional 114,966 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Colony NorthStar in the 1st quarter valued at about $85,303,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Colony NorthStar by 72.7% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 795,885 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 335,000 shares during the last quarter. Cutler Capital Management LLC lifted its holdings in shares of Colony NorthStar by 799.5% in the 1st quarter. Cutler Capital Management LLC now owns 484,825 shares of the real estate investment trust’s stock valued at $2,724,000 after purchasing an additional 430,925 shares during the last quarter. Finally, Fosun International Ltd lifted its holdings in shares of Colony NorthStar by 64.5% in the 1st quarter. Fosun International Ltd now owns 8,632,161 shares of the real estate investment trust’s stock valued at $48,512,000 after purchasing an additional 3,386,141 shares during the last quarter. 83.85% of the stock is owned by institutional investors.
Several research firms have recently weighed in on CLNS. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating and set a $6.75 target price for the company in a report on Monday, May 7th. ValuEngine downgraded Colony NorthStar from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. TheStreet downgraded Colony NorthStar from a “c-” rating to a “d+” rating in a report on Wednesday, March 14th. B. Riley reduced their target price on Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, March 7th. Finally, Wedbush reissued an “outperform” rating and issued a $9.00 target price (down from $17.25) on shares of Colony NorthStar in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $11.25.
In related news, Director John Steffens purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average price of $5.94 per share, for a total transaction of $59,400.00. Following 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.
Shares of Colony NorthStar opened at $6.00 on Thursday, MarketBeat.com reports. Colony NorthStar has a 52-week low of $5.98 and a 52-week high of $6.04. 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 issued its quarterly earnings results on Thursday, May 10th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.25). The company had revenue of $666.66 million during the quarter, compared to analyst estimates of $676.48 million. Colony NorthStar had a negative net margin of 9.27% and a negative return on equity of 2.42%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. analysts anticipate that Colony NorthStar will post 0.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.33%. The ex-dividend date is Thursday, June 28th.
About Colony NorthStar
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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