Colony NorthStar (CLNS) Upgraded by JMP Securities to “Outperform”

JMP Securities upgraded shares of Colony NorthStar (NYSE:CLNS) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has $13.00 price target on the real estate investment trust’s stock.

CLNS has been the topic of several other reports. B. Riley reissued a buy rating on shares of Colony NorthStar in a research report on Wednesday, November 1st. Zacks Investment Research lowered Colony NorthStar from a hold rating to a sell rating in a research report on Friday, September 22nd. ValuEngine lowered Colony NorthStar from a buy rating to a hold rating in a research report on Thursday, September 7th. Finally, FBR & Co reissued a buy rating and set a $15.00 price target on shares of Colony NorthStar in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Colony NorthStar presently has a consensus rating of Buy and an average price target of $16.05.

Colony NorthStar (NYSE CLNS) opened at $10.95 on Friday. The company has a market capitalization of $6,000.00, a P/E ratio of -273.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64. Colony NorthStar has a one year low of $10.86 and a one year high of $16.08.

Colony NorthStar (NYSE:CLNS) last released its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. Colony NorthStar’s revenue for the quarter was up 271.9% on a year-over-year basis. sell-side analysts anticipate that Colony NorthStar will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Thursday, December 28th. Colony NorthStar’s dividend payout ratio is currently -2,700.00%.

In related news, major shareholder Colony Northstar, Inc. bought 119,115 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were purchased at an average cost of $9.04 per share, with a total value of $1,076,799.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Neale Redington sold 12,500 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total value of $146,750.00. Following the completion of the sale, the insider now directly owns 182,908 shares in the company, valued at $2,147,339.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,493,363 shares of company stock worth $42,260,703. Corporate insiders own 7.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Confluence Investment Management LLC increased its position in Colony NorthStar by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock worth $67,337,000 after buying an additional 97,345 shares during the period. Wells Fargo & Company MN increased its position in Colony NorthStar by 104.7% in 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 buying an additional 1,130,318 shares during the period. JPMorgan Chase & Co. increased its position in Colony NorthStar by 79.8% in the third quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock worth $11,368,000 after buying an additional 402,062 shares during the period. Tahithromos L.L.C. acquired a new stake in Colony NorthStar in the third quarter worth $8,524,000. Finally, Legal & General Group Plc increased its position in Colony NorthStar by 10.9% in the third quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock worth $7,085,000 after buying an additional 55,336 shares during the period. 82.27% of the stock is currently owned by hedge funds and other institutional investors.

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Colony NorthStar Company 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.

Analyst Recommendations for Colony NorthStar (NYSE:CLNS)

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