NWQ Investment Management Company LLC grew its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,221,011 shares of the real estate investment trust’s stock after purchasing an additional 58,792 shares during the period. NWQ Investment Management Company LLC owned 0.96% of Colony NorthStar worth $59,572,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Private Management Group Inc. increased its holdings in shares of Colony NorthStar by 1.6% in the 4th quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock worth $95,136,000 after acquiring an additional 134,377 shares during the period. Syntal Capital Partners LLC acquired a new stake in shares of Colony NorthStar in the 4th quarter worth about $259,000. Boston Partners increased its holdings in shares of Colony NorthStar by 13.7% in the 4th quarter. Boston Partners now owns 1,098,223 shares of the real estate investment trust’s stock worth $12,530,000 after acquiring an additional 132,193 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Colony NorthStar by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock worth $19,441,000 after acquiring an additional 71,351 shares during the period. Finally, RMR Advisors LLC increased its holdings in shares of Colony NorthStar by 90.9% in the 4th quarter. RMR Advisors LLC now owns 104,980 shares of the real estate investment trust’s stock worth $1,198,000 after acquiring an additional 50,000 shares during the period. 82.02% of the stock is currently owned by institutional investors.
In other news, insider Neale Redington sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total transaction of $146,750.00. Following the completion of the transaction, the insider now owns 182,908 shares in the company, valued at approximately $2,147,339.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Steffens acquired 10,000 shares of Colony NorthStar stock in a transaction dated Tuesday, March 6th. The shares were acquired at an average price of $5.94 per share, with a total value of $59,400.00. Following the transaction, the director now owns 61,690 shares in the company, valued at approximately $366,438.60. The disclosure for this purchase can be found here. Insiders sold a total of 3,493,363 shares of company stock valued at $42,260,703 in the last quarter. 7.99% of the stock is currently owned by insiders.
Colony NorthStar (NYSE:CLNS) last announced its earnings results 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 company had revenue of $720.30 million during the quarter, compared to the consensus estimate of $755.19 million. Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The company’s revenue was up 245.5% on a year-over-year basis. equities analysts forecast that Colony NorthStar Inc will post 0.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. Colony NorthStar’s dividend payout ratio is presently -152.11%.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Saturday. Wedbush reaffirmed an “outperform” rating and issued a $9.00 price objective (down previously from $17.25) on shares of Colony NorthStar in a report on Tuesday, March 6th. B. Riley dropped their price objective on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $6.00 target price on shares of Colony NorthStar in a research report on Friday, March 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Colony NorthStar in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.
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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