Colony NorthStar (CLNS) Position Lifted by Frontier Investment Mgmt Co.

Frontier Investment Mgmt Co. lifted its position in shares of Colony NorthStar (NYSE:CLNS) by 47.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 377,726 shares of the real estate investment trust’s stock after acquiring an additional 121,790 shares during the period. Frontier Investment Mgmt Co. owned approximately 0.07% of Colony NorthStar worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in Colony NorthStar by 12,265.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 998,872 shares of the real estate investment trust’s stock valued at $5,690,000 after purchasing an additional 990,794 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in Colony NorthStar by 87.9% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 47,221 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 22,091 shares during the period. State Board of Administration of Florida Retirement System increased its position in Colony NorthStar by 9.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 652,748 shares of the real estate investment trust’s stock valued at $3,668,000 after acquiring an additional 53,870 shares during the period. Conning Inc. increased its position in Colony NorthStar by 35.3% in the 1st quarter. Conning Inc. now owns 857,728 shares of the real estate investment trust’s stock valued at $4,820,000 after acquiring an additional 223,602 shares during the period. Finally, Buckhead Capital Management LLC increased its position in Colony NorthStar by 45.1% in the 1st quarter. Buckhead Capital Management LLC now owns 160,872 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 50,000 shares during the period. 83.85% of the stock is owned by institutional investors.

Colony NorthStar stock opened at $5.91 on Friday. Colony NorthStar has a 1-year low of $5.98 and a 1-year high of $6.04. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.68 and a quick ratio of 5.14.

Colony NorthStar (NYSE:CLNS) last released its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.25). Colony NorthStar had a negative net margin of 9.27% and a negative return on equity of 2.42%. The business had revenue of $666.66 million during the quarter, compared to the consensus estimate of $676.48 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. research analysts predict that Colony NorthStar will post 0.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date is Thursday, June 28th.

In other Colony NorthStar news, Director John Steffens acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average cost of $5.94 per share, with a total value of $59,400.00. Following the completion of the purchase, the director now owns 61,690 shares of the company’s stock, valued at $366,438.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.75% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on CLNS shares. B. Riley restated a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a research report on Monday, January 22nd. ValuEngine cut shares of Colony NorthStar from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Colony NorthStar from a “strong sell” rating to a “hold” rating and set a $6.75 price objective for the company in a research report on Monday, May 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $6.00 price objective on shares of Colony NorthStar in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $11.25.

Colony NorthStar Profile

Colony NorthStar, Inc (NYSE:CLNS) is a leading global real estate and investment management firm. The Company resulted from the January 2017 merger between Colony Capital, Inc, NorthStar Asset Management Group Inc and NorthStar Realty Finance Corp. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, other equity and debt investments and an embedded institutional and retail investment management business.

Institutional Ownership by Quarter for Colony NorthStar (NYSE:CLNS)

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