Colony NorthStar (CLNS) Reaches New 12-Month Low at $10.78

Colony NorthStar Inc (NYSE:CLNS)’s share price hit a new 52-week low on Thursday . The company traded as low as $10.78 and last traded at $10.95, with a volume of 3171600 shares traded. The stock had previously closed at $10.99.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a research report on Friday, November 10th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Colony NorthStar in a research report on Tuesday, October 3rd. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, 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 report on Friday, January 5th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.05.

The firm has a market cap of $5,650.00, a PE ratio of -259.00 and a beta of 1.46. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.95.

Colony NorthStar (NYSE:CLNS) last posted its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $788.90 million for the quarter, compared to analysts’ expectations of $695.50 million. Colony NorthStar had a net margin of 9.00% and a negative return on equity of 0.14%. The firm’s quarterly revenue was up 271.9% compared to the same quarter last year. analysts expect that Colony NorthStar Inc will post 1.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.27 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.08 annualized dividend and a yield of 10.42%. Colony NorthStar’s dividend payout ratio is currently -2,700.00%.

In other Colony NorthStar news, major shareholder Colony Northstar, Inc. purchased 119,115 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David T. Hamamoto sold 2,225,909 shares of Colony NorthStar stock in a transaction on Monday, December 18th. The shares were 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. Insiders sold a total of 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.

Hedge funds have recently modified their holdings of the business. Schroder Investment Management Group acquired a new stake in Colony NorthStar in the 2nd quarter valued at $392,000. K2 Principal Fund L.P. increased its stake in shares of Colony NorthStar by 18.5% during the 3rd quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock worth $1,255,000 after purchasing an additional 15,587 shares during the last quarter. Twin Capital Management Inc. increased its stake in shares of Colony NorthStar by 18.2% during the 3rd quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock worth $2,199,000 after purchasing an additional 26,970 shares during the last quarter. Relative Value Partners Group LLC increased its stake in shares of Colony NorthStar by 23.9% during the 3rd quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock worth $2,403,000 after purchasing an additional 36,094 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Colony NorthStar by 10.9% during the 3rd quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock worth $7,085,000 after purchasing an additional 55,336 shares during the last quarter. Hedge funds and other institutional investors own 82.27% 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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