Avenir Corp grew its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 449,629 shares of the real estate investment trust’s stock after buying an additional 68,401 shares during the period. Avenir Corp’s holdings in Colony NorthStar were worth $5,130,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in Colony NorthStar by 0.5% during the 4th quarter. BlackRock Inc. now owns 32,454,942 shares of the real estate investment trust’s stock worth $370,309,000 after purchasing an additional 160,178 shares during the period. Private Management Group Inc. grew its holdings in shares of Colony NorthStar by 1.6% in the 4th quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock worth $95,136,000 after acquiring an additional 134,377 shares during the period. Confluence Investment Management LLC grew its holdings 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 worth $67,337,000 after acquiring an additional 97,345 shares during the period. Geode Capital Management LLC grew its holdings in shares of Colony NorthStar by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,537,155 shares of the real estate investment trust’s stock worth $51,740,000 after acquiring an additional 27,781 shares during the period. Finally, Ranger Global Real Estate Advisors LLC grew its holdings in shares of Colony NorthStar by 10.2% in the 4th quarter. Ranger Global Real Estate Advisors LLC now owns 3,037,032 shares of the real estate investment trust’s stock worth $34,653,000 after acquiring an additional 282,155 shares during the period. Institutional investors own 80.98% of the company’s stock.
In other Colony NorthStar news, insider David T. Hamamoto sold 2,225,909 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $12.15, for a total value of $9,782,864.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,493,363 shares of company stock worth $42,260,703. 7.99% of the stock is owned by insiders.
Shares of Colony NorthStar Inc (NYSE:CLNS) opened at $5.98 on Monday. The company has a market capitalization of $3,260.00, a price-to-earnings ratio of -8.42 and a beta of 1.17. The company has a current ratio of 5.14, a quick ratio of 4.64 and a debt-to-equity ratio of 1.01. Colony NorthStar Inc has a fifty-two week low of $5.28 and a fifty-two week high of $14.74.
Colony NorthStar (NYSE:CLNS) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $720.30 million for the quarter, compared to analyst estimates of $755.19 million. Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The company’s revenue was up 245.5% on a year-over-year basis. equities research analysts forecast that Colony NorthStar Inc will post 0.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Wednesday, March 28th. Colony NorthStar’s dividend payout ratio (DPR) is presently -152.11%.
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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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