MPI Investment Management Inc. bought a new position in Colony NorthStar Inc (NYSE:CLNS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 98,287 shares of the real estate investment trust’s stock, valued at approximately $1,121,000.

Other hedge funds also recently modified their holdings of the company. Opus Capital Group LLC purchased a new stake in Colony NorthStar in the fourth quarter worth approximately $114,000. Lourd Capital LLC purchased a new stake in Colony NorthStar in the fourth quarter worth approximately $242,000. Syntal Capital Partners LLC purchased a new stake in Colony NorthStar in the fourth quarter worth approximately $259,000. Quantitative Systematic Strategies LLC purchased a new stake in Colony NorthStar in the fourth quarter worth approximately $287,000. Finally, Starfire Investment Advisers Inc. purchased a new stake in Colony NorthStar in the fourth quarter worth approximately $385,000. Institutional investors own 82.09% of the company’s stock.

CLNS has been the topic of several recent research reports. JMP Securities upgraded shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Friday, January 5th. Zacks Investment Research downgraded shares of Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of Colony NorthStar in a research report on Monday, January 22nd. ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.35.

In other news, insider Neale Redington sold 12,500 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.74, for a total transaction of $146,750.00. Following the sale, the insider now directly owns 182,908 shares in the company, valued at approximately $2,147,339.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.15, for a total transaction of $9,782,864.10. The disclosure for this sale can be found here. Insiders have sold a total of 3,493,363 shares of company stock worth $42,260,703 over the last 90 days. Insiders own 7.99% of the company’s stock.

Shares of Colony NorthStar Inc (NYSE CLNS) opened at $8.70 on Thursday. The company has a market cap of $4,708.82, a price-to-earnings ratio of 35.92 and a beta of 1.11. Colony NorthStar Inc has a 52-week low of $8.47 and a 52-week high of $14.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64.

Colony NorthStar (NYSE:CLNS) last announced its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $788.90 million for the quarter, compared to the consensus estimate of $695.50 million. Colony NorthStar had a net margin of 5.83% and a return on equity of 1.88%. Colony NorthStar’s revenue was up 271.9% compared to the same quarter last year. analysts anticipate that Colony NorthStar Inc will post 1.04 earnings per share for the current fiscal year.

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

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