Berson & Corrado Investment Advisors LLC Cuts Holdings in Colony NorthStar Inc (CLNS)

Berson & Corrado Investment Advisors LLC lessened its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 55.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 218,049 shares of the real estate investment trust’s stock after selling 273,545 shares during the period. Colony NorthStar comprises about 1.5% of Berson & Corrado Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Berson & Corrado Investment Advisors LLC’s holdings in Colony NorthStar were worth $2,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CLNS. Twin Capital Management Inc. lifted its holdings in shares of Colony NorthStar by 18.2% in the third quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock worth $2,199,000 after buying an additional 26,970 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of 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 in the last quarter. Relative Value Partners Group LLC lifted its holdings in shares of Colony NorthStar by 23.9% in the third quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock worth $2,403,000 after buying an additional 36,094 shares in the last quarter. K2 Principal Fund L.P. lifted its holdings in shares of Colony NorthStar by 18.5% in the third quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock worth $1,255,000 after buying an additional 15,587 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

CLNS has been the topic of a number of recent analyst reports. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating on shares of Colony NorthStar in a research note on Wednesday, November 1st. JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research note on Friday, January 5th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $15.00 target price on shares of Colony NorthStar in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Colony NorthStar presently has a consensus rating of “Buy” and a consensus target price of $16.05.

In other Colony NorthStar news, major shareholder Colony Northstar, Inc. purchased 119,115 shares of the firm’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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman David T. Hamamoto sold 449,780 shares of Colony NorthStar stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00. The disclosure for this sale can be found here. Insiders sold 3,493,363 shares of company stock worth $42,260,703 over the last ninety days. 7.99% of the stock is currently owned by insiders.

Shares of Colony NorthStar Inc (NYSE CLNS) traded down $0.04 on Wednesday, reaching $10.95. 3,170,000 shares of the company were exchanged, compared to its average volume of 3,360,000. The stock has a market capitalization of $5,970.00, 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 current ratio of 4.64 and a quick ratio of 4.64. Colony NorthStar Inc has a 1-year low of $10.86 and a 1-year high of $16.01.

Colony NorthStar (NYSE:CLNS) last announced its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $788.90 million for the quarter, compared to the consensus estimate of $695.50 million. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. Colony NorthStar’s quarterly revenue was up 271.9% compared to the same quarter last year. research analysts anticipate that Colony NorthStar Inc will post 1.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a 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%.

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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.

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Institutional Ownership by Quarter for Colony NorthStar (NYSE:CLNS)

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