News headlines about Colony NorthStar (NYSE:CLNS) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colony NorthStar earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.0627447703694 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Bloomberg: Colony NorthStar is said to walk away from Abraaj fund unit deal (seekingalpha.com)
- Colony NorthStar (CLNS) Announces Additional $300 Million Buyback (streetinsider.com)
- Colony NorthStar (CLNS) Sees Significant Drop in Short Interest (americanbankingnews.com)
- DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Colony NorthStar, Inc. (CLNS) & Lead Plaintiff Deadline: June 5, 2018 (finance.yahoo.com)
- CLNS INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Colony NorthStar, Inc. and a Lead Plaintiff Deadline of June 5, 2018 (finance.yahoo.com)
CLNS has been the topic of several recent analyst reports. B. Riley cut their target price on Colony NorthStar from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, March 7th. ValuEngine cut Colony NorthStar from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet cut Colony NorthStar from a “c-” rating to a “d+” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised Colony NorthStar from a “strong sell” rating to a “hold” rating and set a $6.75 target price on the stock in a research note on Monday, May 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $6.00 target price on shares of Colony NorthStar in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Colony NorthStar has a consensus rating of “Buy” and a consensus target price of $11.25.
Colony NorthStar (NYSE:CLNS) last issued its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.25). Colony NorthStar had a negative return on equity of 2.42% and a negative net margin of 9.27%. The company had revenue of $666.66 million during the quarter, compared to analysts’ expectations of $676.48 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. sell-side analysts predict that Colony NorthStar will post 0.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a $0.11 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.44 annualized dividend and a yield of 7.47%.
In related news, Director John Steffens acquired 10,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $5.94 per share, for a total transaction of $59,400.00. Following the completion of the acquisition, the director now directly owns 61,690 shares of the company’s stock, valued at approximately $366,438.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.75% of the company’s stock.
Colony NorthStar Company Profile
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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