Colony NorthStar (CLNS) Earning Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Colony NorthStar (NYSE:CLNS) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Colony NorthStar earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.9016177680269 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Andean Tower Partners Announces the Acquisition of Torres Unidas (finance.yahoo.com)
- Colony NorthStar (CLNS) Signs LOI with S2K Regarding Combination With its Broker-dealer, NorthStar Securities (streetinsider.com)
- ETFs with exposure to Colony NorthStar, Inc. : December 13, 2017 (finance.yahoo.com)
- Colony NorthStar, Inc. :CLNS-US: Earnings Analysis: Q3, 2017 By the Numbers : December 12, 2017 (finance.yahoo.com)
- Colony NorthStar, Inc. (NYSE:CLNS) – Radar for In Play Stock – Nasdaq Journal (press release) (nasdaqjournal.com)
Colony NorthStar (NYSE:CLNS) traded down $0.18 on Thursday, hitting $12.08. The company had a trading volume of 4,169,101 shares, compared to its average volume of 3,467,858. The firm has a market cap of $6,708.16, a PE ratio of 51.17 and a beta of 1.50. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.95. Colony NorthStar has a 1-year low of $12.02 and a 1-year high of $16.08.
Colony NorthStar (NYSE:CLNS) last released its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $788.90 million for 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 quarterly revenue was up 271.9% on a year-over-year basis. equities analysts expect that Colony NorthStar will post 1.34 earnings per share for the current fiscal year.
The company 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend is Thursday, December 28th.
A number of equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating on shares of Colony NorthStar in a research note on Wednesday, November 1st. FBR & Co reissued a “buy” rating on shares of Colony NorthStar in a research note on Tuesday, September 5th. Zacks Investment Research cut Colony NorthStar from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Finally, ValuEngine cut Colony NorthStar from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Colony NorthStar currently has a consensus rating of “Buy” and a consensus price target of $16.45.
In related news, major shareholder Colony Northstar, Inc. bought 119,115 shares of the stock in a transaction on Tuesday, October 17th. The shares were purchased at an average price of $9.04 per share, for a total transaction of $1,076,799.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Darren J. Tangen sold 200,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $12.42, for a total value of $2,484,000.00. The disclosure for this sale can be found here. Corporate insiders own 7.99% of the company’s stock.
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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.
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