Colony NorthStar Inc (NYSE:CLNS) announced a quarterly dividend on Monday, February 26th, Zacks reports. Shareholders of record on Friday, March 30th will be given a dividend of 0.11 per share by the real estate investment trust on Monday, April 16th. This represents a $0.44 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Wednesday, March 28th.

Colony NorthStar has a dividend payout ratio of 103.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Colony NorthStar to earn $0.52 per share next year, which means the company may not be able to cover its $1.08 annual dividend with an expected future payout ratio of 207.7%.

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Colony NorthStar (NYSE:CLNS) traded down $0.02 during trading on Friday, hitting $5.63. 3,675,612 shares of the stock traded hands, compared to its average volume of 9,040,038. Colony NorthStar has a twelve month low of $5.28 and a twelve month high of $14.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a market cap of $3,107.77, a PE ratio of -9.03 and a beta of 1.21.

Colony NorthStar (NYSE:CLNS) last posted its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Colony NorthStar had a negative net margin of 7.08% and a negative return on equity of 1.86%. The firm had revenue of $720.30 million during the quarter, compared to analysts’ expectations of $755.19 million. Colony NorthStar’s revenue for the quarter was up 245.5% on a year-over-year basis. research analysts forecast that Colony NorthStar will post 0.46 earnings per share for the current year.

In other Colony NorthStar news, Director John Steffens purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was bought at an average price of $5.94 per share, with a total value of $59,400.00. Following the transaction, the director now directly owns 61,690 shares of the company’s stock, valued at approximately $366,438.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.99% of the company’s stock.

A number of equities analysts recently weighed in on CLNS shares. B. Riley lowered their price objective on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 7th. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. TheStreet cut shares of Colony NorthStar from a “c-” rating to a “d+” rating in a research report on Wednesday, March 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 price objective on shares of Colony NorthStar in a research report on Friday, March 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Colony NorthStar in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.00.

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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.

Dividend History for Colony NorthStar (NYSE:CLNS)

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