NWQ Investment Management Company LLC grew its position in Colony NorthStar Inc (NYSE:CLNS) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,221,011 shares of the real estate investment trust’s stock after buying an additional 58,792 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Colony NorthStar were worth $59,572,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in CLNS. Raymond James & Associates lifted its position in shares of Colony NorthStar by 4.9% in the fourth quarter. Raymond James & Associates now owns 1,643,680 shares of the real estate investment trust’s stock worth $18,754,000 after purchasing an additional 77,023 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Colony NorthStar by 3.0% in the fourth quarter. California State Teachers Retirement System now owns 971,998 shares of the real estate investment trust’s stock worth $11,090,000 after purchasing an additional 28,420 shares in the last quarter. Avenir Corp lifted its position in shares of Colony NorthStar by 17.9% in the fourth quarter. Avenir Corp now owns 449,629 shares of the real estate investment trust’s stock worth $5,130,000 after purchasing an additional 68,401 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Colony NorthStar in the fourth quarter worth approximately $422,000. Finally, RiverPark Advisors LLC lifted its position in shares of Colony NorthStar by 20.2% in the fourth quarter. RiverPark Advisors LLC now owns 171,200 shares of the real estate investment trust’s stock worth $1,953,000 after purchasing an additional 28,800 shares in the last quarter. Institutional investors own 82.02% 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Steffens purchased 10,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $5.94 per share, for a total transaction of $59,400.00. Following the acquisition, the director now owns 61,690 shares of the company’s stock, valued at $366,438.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 3,493,363 shares of company stock worth $42,260,703. Insiders own 7.99% of the company’s stock.
Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The firm’s revenue was up 245.5% compared to the same quarter last year. equities analysts expect that Colony NorthStar Inc will post 0.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, March 28th. Colony NorthStar’s payout ratio is presently -152.11%.
A number of analysts have recently issued reports on CLNS shares. B. Riley reduced their price target on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 7th. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $6.00 price target on shares of Colony NorthStar in a research report on Friday, March 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday, January 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.00.
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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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