FY2017 EPS Estimates for Colony NorthStar Inc (CLNS) Reduced by B. Riley
Colony NorthStar Inc (NYSE:CLNS) – Research analysts at B. Riley cut their FY2017 earnings estimates for Colony NorthStar in a note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $1.30 per share for the year, down from their prior estimate of $1.34. B. Riley currently has a “Buy” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Colony NorthStar’s Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $1.25 EPS.
Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. The company’s revenue for the quarter was up 271.9% on a year-over-year basis.
Colony NorthStar (NYSE CLNS) opened at $10.69 on Friday. The stock has a market capitalization of $5,830.00, a PE ratio of -267.25 and a beta of 1.46. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95. Colony NorthStar has a fifty-two week low of $10.65 and a fifty-two week high of $14.92.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.27 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 10.10%. Colony NorthStar’s payout ratio is -2,700.00%.
In other Colony NorthStar news, insider Neale Redington sold 12,500 shares of the 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 completion of the transaction, the insider now owns 182,908 shares of the company’s stock, valued at $2,147,339.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.15, for a total value of $9,782,864.10. The disclosure for this sale can be found here. Insiders sold a total of 3,493,363 shares of company stock valued at $42,260,703 in the last ninety days. 7.99% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in CLNS. Schroder Investment Management Group acquired a new position in shares of Colony NorthStar during the second quarter valued at approximately $392,000. K2 Principal Fund L.P. raised its holdings in shares of Colony NorthStar by 18.5% during 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 acquiring an additional 15,587 shares during the last quarter. Twin Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 26,970 shares during the last quarter. Relative Value Partners Group LLC raised its holdings in shares of Colony NorthStar by 23.9% during 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 acquiring an additional 36,094 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of 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 acquiring an additional 55,336 shares during the last quarter. 82.27% of the stock is owned by institutional investors and hedge funds.
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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.
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