Colony NorthStar (NYSE:CLNS) was upgraded by JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued on Friday, MarketBeat.com reports. The brokerage presently has a $13.00 price objective on the real estate investment trust’s stock. JMP Securities’ target price would suggest a potential upside of 18.29% from the stock’s previous close.

CLNS has been the topic of a number of other research reports. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. FBR & Co reissued a “buy” rating and issued a $15.00 target price on shares of Colony NorthStar in a research report on Tuesday, October 3rd. ValuEngine raised Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, B. Riley reissued a “buy” rating and issued a $15.00 target price on shares of Colony NorthStar in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Colony NorthStar presently has a consensus rating of “Buy” and an average price target of $16.05.

Shares of Colony NorthStar (NYSE CLNS) traded up $0.01 during trading on Friday, reaching $10.99. The company had a trading volume of 2,670,000 shares, compared to its average volume of 3,210,000. Colony NorthStar has a 1-year low of $10.95 and a 1-year high of $16.08. The firm has a market cap of $6,000.00, a price-to-earnings ratio of -274.75 and a beta of 1.46. 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 announced 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. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. The business had revenue of $788.90 million for the quarter, compared to analyst estimates of $695.50 million. The company’s quarterly revenue was up 271.9% on a year-over-year basis. analysts anticipate that Colony NorthStar will post 1.34 EPS for the current fiscal year.

In other Colony NorthStar news, insider Neale Redington sold 12,500 shares of the firm’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 value of $146,750.00. Following the completion of the transaction, the insider now directly owns 182,908 shares in the company, valued at $2,147,339.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Colony Northstar, Inc. purchased 119,115 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was bought at an average price of $9.04 per share, with a total value of $1,076,799.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 3,493,363 shares of company stock worth $42,260,703. 7.99% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. K2 Principal Fund L.P. grew 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 purchasing an additional 15,587 shares in the last quarter. Twin Capital Management Inc. grew 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 purchasing an additional 26,970 shares in the last quarter. Schroder Investment Management Group bought a new position in Colony NorthStar in the second quarter valued at approximately $392,000. Relative Value Partners Group LLC grew 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 purchasing an additional 36,094 shares in the last quarter. Finally, Legal & General Group Plc grew 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 purchasing an additional 55,336 shares in the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

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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.

Analyst Recommendations for Colony NorthStar (NYSE:CLNS)

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