Lazard Asset Management LLC lowered its holdings in Colony NorthStar Inc (NYSE:CLNS) by 43.9% in the 4th quarter, HoldingsChannel reports. The firm owned 40,803 shares of the real estate investment trust’s stock after selling 31,900 shares during the quarter. Lazard Asset Management LLC’s holdings in Colony NorthStar were worth $465,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Opus Capital Group LLC bought a new stake in shares of Colony NorthStar in the 4th quarter valued at about $114,000. American International Group Inc. bought a new stake in shares of Colony NorthStar in the 4th quarter valued at about $128,000. Lourd Capital LLC bought a new stake in shares of Colony NorthStar in the 4th quarter valued at about $242,000. Syntal Capital Partners LLC bought a new stake in shares of Colony NorthStar in the 4th quarter valued at about $259,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Colony NorthStar in the 4th quarter valued at about $287,000. Institutional investors and hedge funds own 82.02% of the company’s stock.

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Several equities research analysts have recently commented on CLNS shares. Wedbush restated an “outperform” rating and issued a $9.00 price target (down previously from $17.25) on shares of Colony NorthStar in a report on Tuesday, March 6th. ValuEngine raised shares of Colony NorthStar from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. 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 cut their price objective on shares of Colony NorthStar from $15.00 to $12.50 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Finally, JMP Securities raised shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Colony NorthStar presently has an average rating of “Buy” and a consensus target price of $12.00.

In other news, Director John Steffens acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $5.94 per share, with a total value of $59,400.00. Following the transaction, the director now directly owns 61,690 shares in the company, valued at $366,438.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Neale Redington sold 12,500 shares of Colony NorthStar stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total transaction of $146,750.00. Following the completion of the transaction, the insider now directly owns 182,908 shares in the company, valued at approximately $2,147,339.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,493,363 shares of company stock worth $42,260,703. Insiders own 7.99% of the company’s stock.

Colony NorthStar Inc (CLNS) opened at $5.95 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.14 and a quick ratio of 5.14. Colony NorthStar Inc has a 12-month low of $5.28 and a 12-month high of $14.74. The stock has a market cap of $3,237.48, a P/E ratio of -9.44 and a beta of 1.21.

Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The firm had revenue of $720.30 million during the quarter, compared to analysts’ expectations of $755.19 million. The firm’s quarterly revenue was up 245.5% on a year-over-year basis. research analysts forecast that Colony NorthStar Inc will post 0.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Wednesday, March 28th. Colony NorthStar’s payout ratio is currently -171.43%.

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Colony NorthStar 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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