Colony NorthStar Inc (CLNS) Holdings Reduced by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lowered its holdings in Colony NorthStar Inc (NYSE:CLNS) by 23.4% during the fourth quarter, HoldingsChannel reports. The firm owned 58,662 shares of the real estate investment trust’s stock after selling 17,962 shares during the period. First Allied Advisory Services Inc.’s holdings in Colony NorthStar were worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Syntal Capital Partners LLC acquired a new position in shares of Colony NorthStar during the fourth quarter valued at $259,000. RMR Advisors LLC lifted its stake in shares of Colony NorthStar by 90.9% during the fourth quarter. RMR Advisors LLC now owns 104,980 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 50,000 shares during the period. Strs Ohio lifted its stake in shares of Colony NorthStar by 1.9% during the fourth quarter. Strs Ohio now owns 701,153 shares of the real estate investment trust’s stock valued at $8,000,000 after acquiring an additional 12,988 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Colony NorthStar by 4.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock valued at $19,441,000 after acquiring an additional 71,351 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Colony NorthStar by 79.8% during the third quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock valued at $11,368,000 after acquiring an additional 402,062 shares during the period. 81.47% of the stock is currently owned by institutional investors.

CLNS has been the topic of several research reports. JMP Securities raised Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Friday, January 5th. Zacks Investment Research lowered Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a research note on Monday, January 22nd. ValuEngine upgraded Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of Colony NorthStar in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.35.

Shares of Colony NorthStar Inc (NYSE CLNS) opened at $7.87 on Friday. The company has a market capitalization of $4,391.99, a PE ratio of 33.50 and a beta of 1.11. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95. Colony NorthStar Inc has a fifty-two week low of $7.86 and a fifty-two week high of $14.74.

In related news, insider David T. Hamamoto sold 2,225,909 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $12.09, for a total value of $26,911,239.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Neale Redington sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total value of $146,750.00. Following the completion of the sale, the insider now owns 182,908 shares of the company’s stock, valued at approximately $2,147,339.92. The disclosure for this sale can be found here. Insiders sold 3,493,363 shares of company stock valued at $42,260,703 in the last quarter. 7.99% of the stock is currently owned by corporate insiders.

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

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