RiverPark Advisors LLC grew its holdings in Colony NorthStar Inc (NYSE:CLNS) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,200 shares of the real estate investment trust’s stock after purchasing an additional 28,800 shares during the period. RiverPark Advisors LLC’s holdings in Colony NorthStar were worth $1,953,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Management Group Inc. raised its holdings in shares of Colony NorthStar by 1.6% in the fourth quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock valued at $95,136,000 after purchasing an additional 134,377 shares during the last quarter. Syntal Capital Partners LLC bought a new position in shares of Colony NorthStar in the fourth quarter valued at $259,000. Boston Partners grew its stake in shares of Colony NorthStar by 13.7% in the fourth quarter. Boston Partners now owns 1,098,223 shares of the real estate investment trust’s stock valued at $12,530,000 after buying an additional 132,193 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Colony NorthStar by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock valued at $19,441,000 after buying an additional 71,351 shares in the last quarter. Finally, RMR Advisors LLC grew its stake in shares of Colony NorthStar by 90.9% in the fourth quarter. RMR Advisors LLC now owns 104,980 shares of the real estate investment trust’s stock valued at $1,198,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
Several research firms recently weighed in on CLNS. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. JMP Securities raised 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 cut shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price objective 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 issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.00.
Colony NorthStar Inc (NYSE:CLNS) opened at $5.98 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.14 and a quick ratio of 5.14. Colony NorthStar Inc has a 52-week low of $5.28 and a 52-week high of $14.74.
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 business 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%. Colony NorthStar’s revenue was up 245.5% compared to the same quarter last year. equities research analysts expect that Colony NorthStar Inc will post 0.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.11 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.36%. Colony NorthStar’s payout ratio is presently -171.43%.
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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