Colony NorthStar Inc (NYSE:CLNS) Vice Chairman David T. Hamamoto sold 805,174 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.15, for a total transaction of $9,782,864.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

David T. Hamamoto also recently made the following trade(s):

  • On Monday, December 18th, David T. Hamamoto sold 449,780 shares of Colony NorthStar stock. The stock was sold at an average price of $12.05, for a total transaction of $5,419,849.00.

Colony NorthStar Inc (NYSE CLNS) opened at $11.63 on Thursday. 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 Inc has a 12-month low of $11.63 and a 12-month high of $16.08. The firm has a market cap of $6,593.44, a price-to-earnings ratio of 50.29 and a beta of 1.50.

Colony NorthStar (NYSE:CLNS) last issued its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. The firm had revenue of $788.90 million during 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 expect that Colony NorthStar Inc will post 1.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.29%.

A number of brokerages recently weighed in on CLNS. FBR & Co restated a “buy” rating on shares of Colony NorthStar in a research report on Tuesday, September 5th. ValuEngine lowered shares of Colony NorthStar from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Finally, B. Riley restated a “buy” rating and set a $15.00 target price on shares of Colony NorthStar in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.45.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Colony NorthStar by 104.7% during the third quarter. Wells Fargo & Company MN now owns 2,210,035 shares of the real estate investment trust’s stock valued at $27,758,000 after purchasing an additional 1,130,318 shares in the last quarter. Twin Capital Management Inc. raised its stake in Colony NorthStar by 18.2% during 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 raised its stake in Colony NorthStar by 189.9% during the third quarter. Schroder Investment Management Group now owns 81,355 shares of the real estate investment trust’s stock valued at $1,021,000 after purchasing an additional 53,295 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Colony NorthStar by 79.8% during the third quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock valued at $11,368,000 after purchasing an additional 402,062 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Colony NorthStar by 10.9% during 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. 82.27% of the stock is currently owned by institutional investors.

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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.

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