Insider Selling: Colony NorthStar Inc (CLNS) Vice Chairman Sells 805,174 Shares of Stock

Colony NorthStar Inc (NYSE:CLNS) Vice Chairman David T. Hamamoto sold 805,174 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

David T. Hamamoto also recently made the following trade(s):

  • On Monday, December 18th, David T. Hamamoto sold 449,780 shares of Colony NorthStar stock. The stock was sold at an average price of $12.05, for a total value of $5,419,849.00.

Colony NorthStar Inc (CLNS) traded down $0.33 during trading hours on Friday, reaching $10.36. The company had a trading volume of 9,344,305 shares, compared to its average volume of 3,490,000. The stock has a market capitalization of $5,650.00, a price-to-earnings ratio of -259.00 and a beta of 1.46. Colony NorthStar Inc has a 52-week low of $10.35 and a 52-week high of $14.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64.

Colony NorthStar (NYSE:CLNS) last released its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $788.90 million during the quarter, compared to analyst estimates of $695.50 million. Colony NorthStar had a negative return on equity of 0.14% and a net margin of 9.00%. Colony NorthStar’s revenue for the quarter was up 271.9% on a year-over-year basis. equities analysts anticipate that Colony NorthStar Inc will post 1.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend is Thursday, December 28th. Colony NorthStar’s dividend payout ratio is presently -2,700.00%.

A number of institutional investors have recently bought and sold shares of CLNS. Schroder Investment Management Group acquired a new stake in Colony NorthStar in the second quarter valued at $392,000. K2 Principal Fund L.P. raised its stake in Colony NorthStar by 18.5% in the third quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 15,587 shares in the last quarter. Twin Capital Management Inc. raised its stake in Colony NorthStar by 18.2% in the third quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock valued at $2,199,000 after buying an additional 26,970 shares in the last quarter. Relative Value Partners Group LLC raised its stake in Colony NorthStar by 23.9% in the third quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock valued at $2,403,000 after buying an additional 36,094 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Colony NorthStar by 10.9% in the third quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock valued at $7,085,000 after buying an additional 55,336 shares in the last quarter. Institutional investors own 82.27% of the company’s stock.

Several research analysts have recently commented on CLNS shares. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. ValuEngine upgraded Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. FBR & Co restated a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a research report on Tuesday, October 3rd. B. Riley reiterated a “buy” rating on shares of Colony NorthStar in a report on Wednesday, November 1st. 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 report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $16.05.

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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.

Insider Buying and Selling by Quarter for Colony NorthStar (NYSE:CLNS)

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