Teachers Advisors LLC lessened its holdings in Colony NorthStar Inc (NYSE:CLNS) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 616,248 shares of the real estate investment trust’s stock after selling 8,268 shares during the period. Teachers Advisors LLC’s holdings in Colony NorthStar were worth $7,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Opus Capital Group LLC acquired a new position in Colony NorthStar in the fourth quarter worth $114,000. MANA Advisors LLC acquired a new position in shares of Colony NorthStar during the fourth quarter valued at $121,000. Ellington Management Group LLC acquired a new position in shares of Colony NorthStar during the fourth quarter valued at $126,000. American International Group Inc. acquired a new position in shares of Colony NorthStar during the fourth quarter valued at $128,000. Finally, MML Investors Services LLC acquired a new position in shares of Colony NorthStar during the fourth quarter valued at $132,000. 82.84% of the stock is owned by hedge funds and other institutional investors.
In related news, Director John Steffens acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired 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 in the company, valued at $366,438.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.99% of the stock is owned by insiders.
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 analysts’ consensus estimates of $0.24 by ($0.08). Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The company had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. The business’s quarterly revenue was up 245.5% compared to the same quarter last year. equities research analysts expect that Colony NorthStar Inc will post 0.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date of this dividend is Wednesday, March 28th.
Several equities analysts have recently issued reports on the stock. 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 report on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine raised shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. B. Riley reissued a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a report on Monday, January 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $19.00 price target on shares of Colony NorthStar in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Colony NorthStar currently has a consensus rating of “Hold” and an average price target of $12.00.
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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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