Jefferies Group LLC lowered its position in Colony NorthStar Inc (NYSE:CLNS) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,100 shares of the real estate investment trust’s stock after selling 85,606 shares during the quarter. Jefferies Group LLC’s holdings in Colony NorthStar were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CLNS. Opus Capital Group LLC purchased a new stake in shares of Colony NorthStar during the fourth quarter worth approximately $114,000. MANA Advisors LLC purchased a new stake in shares of Colony NorthStar during the fourth quarter worth approximately $121,000. American International Group Inc. purchased a new stake in shares of Colony NorthStar during the fourth quarter worth approximately $128,000. MML Investors Services LLC purchased a new stake in shares of Colony NorthStar during the fourth quarter worth approximately $132,000. Finally, Lourd Capital LLC purchased a new stake in shares of Colony NorthStar during the fourth quarter worth approximately $242,000. Institutional investors own 82.02% of the company’s stock.
Colony NorthStar Inc (NYSE CLNS) opened at $5.95 on Wednesday. Colony NorthStar Inc has a twelve month low of $5.28 and a twelve month high of $14.74. The firm has a market capitalization of $3,237.48, a price-to-earnings ratio of -9.44 and a beta of 1.21. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Wednesday, March 28th. Colony NorthStar’s dividend payout ratio is presently -171.43%.
Several equities research analysts have recently commented on CLNS shares. JMP Securities upgraded Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Friday, January 5th. B. Riley restated a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a research note on Monday, January 22nd. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Colony NorthStar in a report on Wednesday, January 31st. Finally, ValuEngine raised Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.00.
In other news, Director John Steffens bought 10,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $5.94 per share, with a total value of $59,400.00. Following the completion of the acquisition, the director now owns 61,690 shares of the company’s stock, valued at $366,438.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman David T. Hamamoto sold 449,780 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $12.05, for a total value of $5,419,849.00. The disclosure for this sale can be found here. Insiders have sold 3,493,363 shares of company stock worth $42,260,703 in the last ninety days. 7.99% of the stock is currently owned by corporate insiders.
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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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