Shares of Colony NorthStar Inc (NYSE:CLNS) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.00.
A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research note on Saturday. B. Riley decreased their price objective on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, March 7th. Wedbush reissued an “outperform” rating and issued a $9.00 price objective (down from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $6.00 price objective on shares of Colony NorthStar in a research note on Friday, March 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of Colony NorthStar in a research note on Wednesday, January 31st.
Colony NorthStar (CLNS) opened at $5.95 on Wednesday. The stock has a market cap of $3,237.48, a P/E ratio of -9.44 and a beta of 1.21. 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 has a one year low of $5.28 and a one year high of $14.74.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.39%. Colony NorthStar’s payout ratio is presently -171.43%.
In related news, Director John Steffens bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $5.94 per share, with a total value of $59,400.00. Following the completion of the purchase, the director now owns 61,690 shares in the company, valued at approximately $366,438.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David T. Hamamoto sold 2,225,909 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $12.09, for a total transaction of $26,911,239.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,493,363 shares of company stock worth $42,260,703. Insiders own 7.99% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Colony NorthStar by 3,710.4% during the fourth quarter. Millennium Management LLC now owns 3,355,584 shares of the real estate investment trust’s stock worth $38,287,000 after purchasing an additional 3,267,520 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Colony NorthStar by 104.7% during the third quarter. Wells Fargo & Company MN now owns 2,210,035 shares of the real estate investment trust’s stock worth $27,758,000 after purchasing an additional 1,130,318 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Colony NorthStar during the fourth quarter worth $11,178,000. Triarii Capital Management LP acquired a new position in shares of Colony NorthStar during the fourth quarter worth $9,756,000. Finally, Tensile Capital Management LLC lifted its holdings in shares of Colony NorthStar by 22.4% during the fourth quarter. Tensile Capital Management LLC now owns 4,180,728 shares of the real estate investment trust’s stock worth $47,702,000 after purchasing an additional 765,000 shares during the period. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
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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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