Colony NorthStar (NYSE:CLNS) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 30,903,636 shares, a decline of 8.0% from the April 30th total of 33,580,694 shares. Based on an average trading volume of 8,609,422 shares, the short-interest ratio is presently 3.6 days. Approximately 6.3% of the shares of the stock are short sold.

CLNS traded up $0.03 during trading on Thursday, hitting $6.09. The company had a trading volume of 5,740,500 shares, compared to its average volume of 8,638,581. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 1.04. Colony NorthStar has a 1-year low of $5.28 and a 1-year high of $14.74.

Colony NorthStar (NYSE:CLNS) last issued its earnings results on Thursday, May 10th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.25). The business had revenue of $666.66 million for the quarter, compared to analyst estimates of $676.48 million. Colony NorthStar had a negative return on equity of 2.42% and a negative net margin of 9.27%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. research analysts predict that Colony NorthStar will post 0.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.22%.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Colony NorthStar from a “strong sell” rating to a “hold” rating and set a $6.75 price target for the company in a research report on Monday, May 7th. ValuEngine lowered shares of Colony NorthStar from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. TheStreet downgraded shares of Colony NorthStar from a “c-” rating to a “d+” rating in a research note on Wednesday, March 14th. B. Riley decreased their price objective on shares of Colony NorthStar from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, March 7th. Finally, Wedbush reiterated an “outperform” rating and set a $9.00 price objective (down from $17.25) on shares of Colony NorthStar in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have given 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 target price of $11.25.

Large investors have recently modified their holdings of the business. Private Management Group Inc. raised its holdings in shares of Colony NorthStar by 1.6% during the fourth quarter. Private Management Group Inc. now owns 8,337,954 shares of the real estate investment trust’s stock worth $95,136,000 after purchasing an additional 134,377 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Colony NorthStar by 4.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,703,827 shares of the real estate investment trust’s stock worth $19,441,000 after purchasing an additional 71,351 shares during the period. Boston Partners increased its holdings in shares of Colony NorthStar by 13.7% in the 4th quarter. Boston Partners now owns 1,098,223 shares of the real estate investment trust’s stock worth $12,530,000 after acquiring an additional 132,193 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Colony NorthStar by 5.0% in the 4th quarter. Guggenheim Capital LLC now owns 487,475 shares of the real estate investment trust’s stock worth $5,562,000 after acquiring an additional 23,140 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Colony NorthStar by 0.5% in the 4th quarter. BlackRock Inc. now owns 32,454,942 shares of the real estate investment trust’s stock worth $370,309,000 after acquiring an additional 160,178 shares during the period. 83.41% of the stock is currently owned by institutional investors.

About Colony NorthStar

Colony NorthStar, Inc (NYSE:CLNS) is a leading global real estate and investment management firm. The Company resulted from the January 2017 merger between Colony Capital, Inc, NorthStar Asset Management Group Inc and NorthStar Realty Finance Corp. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, other equity and debt investments and an embedded institutional and retail investment management business.

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