Colony NorthStar Inc (CLNS) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in shares of Colony NorthStar Inc (NYSE:CLNS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 971,998 shares of the real estate investment trust’s stock after buying an additional 28,420 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Colony NorthStar worth $11,090,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Colony NorthStar by 0.5% during the fourth quarter. BlackRock Inc. now owns 32,454,942 shares of the real estate investment trust’s stock worth $370,309,000 after buying an additional 160,178 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of Colony NorthStar by 1.6% during the fourth quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock worth $95,136,000 after buying an additional 134,377 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Colony NorthStar by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock worth $67,337,000 after buying an additional 97,345 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Colony NorthStar by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,537,155 shares of the real estate investment trust’s stock worth $51,740,000 after buying an additional 27,781 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC lifted its holdings in shares of Colony NorthStar by 10.2% during the fourth 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 buying an additional 282,155 shares during the last quarter. Institutional investors own 82.84% of the company’s stock.

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CLNS stock opened at $5.50 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.14 and a quick ratio of 5.14. The company has a market capitalization of $3,107.77, a price-to-earnings ratio of -8.73 and a beta of 1.21. Colony NorthStar Inc has a 12 month low of $5.28 and a 12 month high of $14.74.

Colony NorthStar (NYSE:CLNS) last issued 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 firm had revenue of $720.30 million during 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 business’s revenue for the quarter was up 245.5% compared to the same quarter last year. research analysts predict that Colony NorthStar Inc will post 0.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.00%. Colony NorthStar’s payout ratio is -171.43%.

In related news, Director John Steffens acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $5.94 per share, for a total transaction of $59,400.00. Following the completion of the purchase, the director now directly owns 61,690 shares of the company’s stock, valued at approximately $366,438.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.99% of the company’s stock.

A number of research analysts have recently commented on CLNS shares. Wedbush reiterated an “outperform” rating and set a $9.00 price target (down from $17.25) on shares of Colony NorthStar in a report on Tuesday, March 6th. ValuEngine upgraded Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley cut their target price on Colony NorthStar from $15.00 to $12.50 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Finally, JMP Securities upgraded Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.00.

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About Colony NorthStar

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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Institutional Ownership by Quarter for Colony NorthStar (NYSE:CLNS)

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