US Bancorp DE lessened its position in shares of Colony NorthStar Inc (NYSE:CLNS) by 59.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,584 shares of the real estate investment trust’s stock after selling 42,668 shares during the quarter. US Bancorp DE’s holdings in Colony NorthStar were worth $338,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CLNS. Tahithromos L.L.C. purchased a new position in Colony NorthStar during the 3rd quarter worth approximately $8,524,000. Relative Value Partners Group LLC grew its stake in 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 buying an additional 36,094 shares during the last quarter. K2 Principal Fund L.P. grew its stake in 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 buying an additional 15,587 shares during the last quarter. Legal & General Group Plc grew its stake in 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 buying an additional 55,336 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Colony NorthStar by 79.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock worth $11,368,000 after buying an additional 402,062 shares during the last quarter. Hedge funds and other institutional investors own 81.47% of the company’s stock.
Shares of Colony NorthStar Inc (NYSE:CLNS) opened at $7.99 on Tuesday. Colony NorthStar Inc has a 1 year low of $7.86 and a 1 year high of $14.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64. The firm has a market capitalization of $4,402.91, a P/E ratio of 33.58 and a beta of 1.11.
In other Colony NorthStar news, insider David T. Hamamoto sold 2,225,909 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Neale Redington sold 12,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total value of $146,750.00. Following the sale, the insider now directly owns 182,908 shares of the company’s stock, 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 valued at $42,260,703 over the last ninety days. 7.99% of the stock is owned by insiders.
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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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