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.

CLNS has been the subject of several other research reports. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine raised Colony NorthStar from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a report on Tuesday, October 3rd. Finally, JMP Securities raised Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Colony NorthStar presently has a consensus rating of “Buy” and a consensus target price of $16.05.

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.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Colony NorthStar Inc (CLNS) Reduced by B. Riley” was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/fy2017-eps-estimates-for-colony-northstar-inc-clns-reduced-by-b-riley/1804096.html.

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.

Earnings History and Estimates for Colony NorthStar (NYSE:CLNS)

Receive News & Ratings for Colony NorthStar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony NorthStar and related companies with MarketBeat.com's FREE daily email newsletter.