ValuEngine downgraded shares of Colony NorthStar (NYSE:CLNS) from a buy rating to a hold rating in a report published on Friday morning.
A number of other brokerages have also issued reports on CLNS. 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. Zacks Investment Research raised Colony NorthStar from a strong sell rating to a hold rating in a research note on Tuesday, November 7th. JMP Securities raised Colony NorthStar from a market perform rating to an outperform rating and set a $13.00 price target on the stock in a research note on Friday, January 5th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $19.00 price objective on shares of Colony NorthStar in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $15.35.
Shares of Colony NorthStar (NYSE:CLNS) traded up $0.19 during trading hours on Friday, hitting $8.06. The stock had a trading volume of 6,789,029 shares, compared to its average volume of 7,620,000. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.64 and a quick ratio of 4.64. The firm has a market capitalization of $4,400.00, a price-to-earnings ratio of -201.50 and a beta of 1.08. Colony NorthStar has a 12-month low of $7.86 and a 12-month high of $14.74.
A number of institutional investors have recently made changes to their positions in CLNS. Tahithromos L.L.C. purchased a new position in Colony NorthStar during the third quarter worth approximately $8,524,000. Relative Value Partners Group LLC lifted its position in 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 worth $2,403,000 after buying an additional 36,094 shares in the last quarter. K2 Principal Fund L.P. lifted its position in 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 worth $1,255,000 after buying an additional 15,587 shares in the last quarter. Legal & General Group Plc lifted its position 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 worth $7,085,000 after buying an additional 55,336 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Colony NorthStar by 79.8% in 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. Hedge funds and other institutional investors own 81.47% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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