Pointe Capital Management LLC Has $385,000 Stake in Colony NorthStar Inc (CLNS)

Pointe Capital Management LLC lessened its stake in shares of Colony NorthStar Inc (NYSE:CLNS) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,725 shares of the real estate investment trust’s stock after selling 7,178 shares during the quarter. Pointe Capital Management LLC’s holdings in Colony NorthStar were worth $385,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Confluence Investment Management LLC boosted its stake in shares of Colony NorthStar by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 5,901,611 shares of the real estate investment trust’s stock valued at $67,337,000 after purchasing an additional 97,345 shares during the period. Wells Fargo & Company MN boosted its stake in shares of 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 during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Colony NorthStar by 17.9% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,734,802 shares of the real estate investment trust’s stock valued at $19,794,000 after purchasing an additional 263,177 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 during the period. Finally, Tahithromos L.L.C. purchased a new stake in shares of Colony NorthStar during the third quarter valued at approximately $8,524,000. 82.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Colony NorthStar Inc (CLNS) opened at $10.36 on Friday. Colony NorthStar Inc has a 52 week low of $10.35 and a 52 week high of $14.92. The company has a market capitalization of $5,650.00, a price-to-earnings ratio of -259.00 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 (NYSE:CLNS) last announced its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Colony NorthStar had a return on equity of 1.88% and a net margin of 5.83%. The company had revenue of $788.90 million during the quarter, compared to analyst estimates of $695.50 million. The company’s revenue was up 271.9% compared to the same quarter last year. analysts expect that Colony NorthStar Inc will post 1.3 EPS for the current fiscal year.

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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date is Thursday, December 28th. Colony NorthStar’s payout ratio is -2,700.00%.

A number of analysts recently commented on CLNS shares. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine raised Colony NorthStar from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a research note on Tuesday, October 3rd. 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 research note on Friday, January 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $16.05.

In other news, major shareholder Colony Northstar, Inc. acquired 119,115 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was acquired at an average price of $9.04 per share, for a total transaction of $1,076,799.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the stock in a transaction on Thursday, December 14th. The stock was 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 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.

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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.

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

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