Colony NorthStar Inc (NYSE:CLNS) – Equities research analysts at B. Riley dropped their FY2017 earnings per share estimates for shares of Colony NorthStar in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings of $1.30 per share for the year, down from their prior forecast of $1.34. B. Riley has a “Buy” rating and a $15.00 price target on the stock. B. Riley also issued estimates for Colony NorthStar’s Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $1.25 EPS.
CLNS has been the subject of several other research reports. JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research report on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Wednesday. 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. Finally, ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.05.
Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share 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 the consensus estimate of $695.50 million. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. The business’s revenue for the quarter was up 271.9% compared to the same quarter last year.
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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend is Thursday, December 28th. Colony NorthStar’s dividend payout ratio (DPR) is presently -2,700.00%.
In other Colony NorthStar news, Vice Chairman David T. Hamamoto sold 805,174 shares of Colony NorthStar stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.15, for a total value of $9,782,864.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neale Redington sold 12,500 shares of Colony NorthStar 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 completion of the sale, the insider now directly owns 182,908 shares of the company’s stock, valued at approximately $2,147,339.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,493,363 shares of company stock valued at $42,260,703. 7.99% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Confluence Investment Management LLC grew its position in 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 worth $67,337,000 after purchasing an additional 97,345 shares during the period. Wells Fargo & Company MN grew its position in 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 worth $27,758,000 after purchasing an additional 1,130,318 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in Colony NorthStar by 17.9% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 1,734,802 shares of the real estate investment trust’s stock worth $19,794,000 after purchasing an additional 263,177 shares during the period. JPMorgan Chase & Co. grew its position in 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 worth $11,368,000 after purchasing an additional 402,062 shares during the period. Finally, Tahithromos L.L.C. bought a new stake in Colony NorthStar in the 3rd quarter worth approximately $8,524,000. 82.27% of the stock is owned by institutional investors and hedge funds.
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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