Northern Trust Corp trimmed its stake in Colony NorthStar (NYSE:CLNS) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,931,304 shares of the real estate investment trust’s stock after selling 13,136 shares during the period. Northern Trust Corp owned about 0.54% of Colony NorthStar worth $16,473,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in CLNS. MANA Advisors LLC purchased a new stake in Colony NorthStar during the 4th quarter worth approximately $121,000. Ellington Management Group LLC purchased a new stake in Colony NorthStar during the 4th quarter worth approximately $126,000. American International Group Inc. purchased a new stake in Colony NorthStar during the 4th quarter worth approximately $128,000. MML Investors Services LLC purchased a new stake in Colony NorthStar during the 4th quarter worth approximately $132,000. Finally, SG Americas Securities LLC purchased a new stake in Colony NorthStar during the 1st quarter worth approximately $123,000. 83.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of CLNS opened at $6.41 on Friday. Colony NorthStar has a fifty-two week low of $5.28 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.68 and a current ratio of 3.68.
Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.25). Colony NorthStar had a negative net margin of 9.27% and a negative return on equity of 2.42%. The firm had revenue of $666.66 million during the quarter, compared to analysts’ expectations of $676.48 million. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. analysts expect that Colony NorthStar will post 0.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Thursday, June 28th.
Several equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Colony NorthStar from a “c-” rating to a “d+” rating in a research note on Wednesday, March 14th. ValuEngine downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Wedbush reaffirmed an “outperform” rating and set a $9.00 target price (down from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 target price on shares of Colony NorthStar in a research note on Friday, March 2nd. Finally, B. Riley cut their target price on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.25.
Colony NorthStar Company Profile
Colony NorthStar, Inc (NYSE:CLNS) is a leading global real estate and investment management firm. The Company resulted from the January 2017 merger between Colony Capital, Inc, NorthStar Asset Management Group Inc and NorthStar Realty Finance Corp. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, other equity and debt investments and an embedded institutional and retail investment management business.
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