Landscape Capital Management L.L.C. purchased a new position in shares of Colony NorthStar Inc (NYSE:CLNS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 85,378 shares of the real estate investment trust’s stock, valued at approximately $974,000.
Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of Colony NorthStar by 6.3% during the fourth quarter. Amalgamated Bank now owns 103,324 shares of the real estate investment trust’s stock worth $1,179,000 after buying an additional 6,153 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Colony NorthStar by 31.8% in the fourth quarter. Mackenzie Financial Corp now owns 26,033 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 6,279 shares during the period. Assetmark Inc. boosted its holdings in Colony NorthStar by 1.5% in the fourth quarter. Assetmark Inc. now owns 556,336 shares of the real estate investment trust’s stock worth $6,348,000 after purchasing an additional 8,331 shares during the period. Toronto Dominion Bank lifted its stake in Colony NorthStar by 39.6% in the fourth quarter. Toronto Dominion Bank now owns 30,869 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 8,756 shares during the last quarter. Finally, Opus Capital Group LLC bought a new stake in Colony NorthStar in the fourth quarter valued at $114,000. Institutional investors and hedge funds own 82.02% of the company’s stock.
Colony NorthStar Inc (NYSE:CLNS) traded up $0.06 on Wednesday, hitting $6.01. The stock had a trading volume of 8,049,319 shares, compared to its average volume of 10,920,000. Colony NorthStar Inc has a 1-year low of $5.28 and a 1-year high of $14.74. The company has a market capitalization of $3,280.00, a PE ratio of -8.46 and a beta of 1.17. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 1.01.
Colony NorthStar (NYSE:CLNS) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The business had revenue of $720.30 million for the quarter, compared to the consensus estimate of $755.19 million. The business’s revenue was up 245.5% compared to the same quarter last year. analysts anticipate that Colony NorthStar Inc will post 0.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, March 28th. Colony NorthStar’s payout ratio is -152.11%.
A number of brokerages recently weighed in on CLNS. ValuEngine upgraded shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. 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 cut 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 target price on shares of Colony NorthStar in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.00.
In other Colony NorthStar news, Vice Chairman David T. Hamamoto sold 805,174 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Also, Director John Steffens purchased 10,000 shares of the company’s stock in a transaction dated 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 transaction, 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. Insiders sold 3,493,363 shares of company stock worth $42,260,703 in the last three months. Insiders own 7.99% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Landscape Capital Management L.L.C. Purchases New Holdings in Colony NorthStar Inc (NYSE:CLNS)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/14/landscape-capital-management-l-l-c-buys-new-stake-in-colony-northstar-inc-clns.html.
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.
Receive News & Ratings for Colony NorthStar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony NorthStar and related companies with MarketBeat.com's FREE daily email newsletter.