Otter Creek Advisors LLC decreased its holdings in Colony NorthStar Inc (NYSE:CLNS) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 273,033 shares of the real estate investment trust’s stock after selling 778,351 shares during the quarter. Otter Creek Advisors LLC’s holdings in Colony NorthStar were worth $3,116,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Opus Capital Group LLC purchased a new position in shares of Colony NorthStar in the fourth quarter valued at approximately $114,000. MANA Advisors LLC purchased a new position in shares of Colony NorthStar in the fourth quarter valued at approximately $121,000. Ellington Management Group LLC purchased a new position in Colony NorthStar in the fourth quarter worth approximately $126,000. American International Group Inc. purchased a new position in Colony NorthStar in the fourth quarter worth approximately $128,000. Finally, MML Investors Services LLC purchased a new position in Colony NorthStar in the fourth quarter worth approximately $132,000. 82.02% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. JMP Securities upgraded 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 research note on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Colony NorthStar presently has an average rating of “Buy” and a consensus price target of $12.00.
Colony NorthStar Inc (NYSE CLNS) opened at $5.94 on Friday. Colony NorthStar Inc has a 12 month low of $5.28 and a 12 month high of $14.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.14 and a quick ratio of 5.14.
Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share (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 analysts’ expectations of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The company’s quarterly revenue was up 245.5% compared to the same quarter last year. equities analysts expect that Colony NorthStar Inc will post 0.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 7.41%. Colony NorthStar’s dividend payout ratio is presently -171.43%.
In related news, Director John Steffens acquired 10,000 shares of Colony NorthStar stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average price 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Neale Redington sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total transaction of $146,750.00. Following 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 have sold a total of 2,688,189 shares of company stock valued at $32,477,839 in the last 90 days. Insiders own 7.99% of the company’s stock.
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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