Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Colony NorthStar Inc (NYSE:CLNS) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,734,802 shares of the real estate investment trust’s stock after acquiring an additional 263,177 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Colony NorthStar were worth $19,794,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Colony NorthStar by 104.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,210,035 shares of the real estate investment trust’s stock valued at $27,758,000 after purchasing an additional 1,130,318 shares during the last quarter. Tahithromos L.L.C. bought a new position in shares of Colony NorthStar in the 3rd quarter valued at about $8,524,000. JPMorgan Chase & Co. boosted its stake in shares of Colony NorthStar by 79.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock valued at $11,368,000 after purchasing an additional 402,062 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Colony NorthStar by 1.7% in the 4th quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock valued at $67,337,000 after purchasing an additional 97,345 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Colony NorthStar by 10.9% in the 3rd quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock valued at $7,085,000 after purchasing an additional 55,336 shares during the last quarter. 82.27% of the stock is currently owned by hedge funds and other institutional investors.
Colony NorthStar Inc (CLNS) traded up $0.04 during trading on Wednesday, reaching $10.99. 3,478,400 shares of the company traded hands, compared to its average volume of 3,833,383. Colony NorthStar Inc has a twelve month low of $10.86 and a twelve month high of $16.01. The company has a market cap of $5,960.00, a price-to-earnings ratio of -274.75 and a beta of 1.46. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.08 annualized dividend and a yield of 9.83%. Colony NorthStar’s dividend payout ratio (DPR) is currently -2,700.00%.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Colony NorthStar from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. FBR & Co reissued a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Tuesday, October 3rd. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Friday, January 5th. Finally, B. Riley reissued a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a research note on Friday, November 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.05.
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, for a total transaction of $1,076,799.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Neale Redington sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total transaction of $146,750.00. Following the sale, the insider now owns 182,908 shares in the company, valued at $2,147,339.92. The disclosure for this sale can be found here. Insiders have sold a total of 3,493,363 shares of company stock worth $42,260,703 over the last 90 days. Corporate insiders own 7.99% of the company’s stock.
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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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