Comerica Bank increased its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 23.3% during the fourth quarter, Holdings Channel reports. The fund owned 113,362 shares of the real estate investment trust’s stock after acquiring an additional 21,423 shares during the quarter. Comerica Bank’s holdings in Colony NorthStar were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the stock. Boston Partners increased its holdings in shares of Colony NorthStar by 13.7% during the 4th quarter. Boston Partners now owns 1,098,223 shares of the real estate investment trust’s stock worth $12,530,000 after acquiring an additional 132,193 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Colony NorthStar in the 4th quarter valued at $287,000. Lourd Capital LLC acquired a new position in Colony NorthStar in the 4th quarter valued at $242,000. RMR Advisors LLC grew its holdings in Colony NorthStar by 90.9% in the 4th quarter. RMR Advisors LLC now owns 104,980 shares of the real estate investment trust’s stock valued at $1,198,000 after buying an additional 50,000 shares in the last quarter. Finally, Orinda Asset Management LLC grew its holdings in Colony NorthStar by 192.5% in the 4th quarter. Orinda Asset Management LLC now owns 825,517 shares of the real estate investment trust’s stock valued at $9,419,000 after buying an additional 543,334 shares in the last quarter. 81.47% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on CLNS. ValuEngine lowered Colony NorthStar from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Colony NorthStar in a report on Wednesday, January 31st. B. Riley decreased their price objective on Colony NorthStar from $15.00 to $12.50 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, JMP Securities raised Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.35.
In other news, insider David T. Hamamoto sold 2,225,909 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $12.09, for a total transaction of $26,911,239.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Neale Redington sold 12,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total value of $146,750.00. Following the sale, the insider now owns 182,908 shares of the company’s stock, valued at $2,147,339.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,493,363 shares of company stock valued at $42,260,703. Corporate insiders own 7.99% of the company’s stock.
Colony NorthStar 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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