TCW Group Inc. cut its position in shares of Colony NorthStar Inc (NYSE:CLNS) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,982,717 shares of the real estate investment trust’s stock after selling 26,310 shares during the period. TCW Group Inc.’s holdings in Colony NorthStar were worth $22,623,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Opus Capital Group LLC bought a new position in shares of Colony NorthStar during the 4th quarter valued at about $114,000. Lourd Capital LLC bought a new position in shares of Colony NorthStar during the 4th quarter valued at about $242,000. Syntal Capital Partners LLC bought a new position in shares of Colony NorthStar during the 4th quarter valued at about $259,000. Quantitative Systematic Strategies LLC bought a new position in shares of Colony NorthStar during the 4th quarter valued at about $287,000. Finally, Toronto Dominion Bank increased its position in shares of Colony NorthStar by 39.6% during the 4th quarter. Toronto Dominion Bank now owns 30,869 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 8,756 shares during the last quarter. Hedge funds and other institutional investors own 81.47% of the company’s stock.
In other Colony NorthStar news, insider Neale Redington sold 12,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.74, for a total value of $146,750.00. Following the completion of the sale, the insider now owns 182,908 shares in the company, valued at approximately $2,147,339.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman David T. Hamamoto sold 805,174 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.15, for a total value 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 valued at $42,260,703 over the last 90 days. 7.99% of the stock is currently owned by company insiders.
CLNS has been the topic of several recent research reports. ValuEngine lowered Colony NorthStar from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. B. Riley dropped their target price on Colony NorthStar from $15.00 to $12.50 and set a “buy” rating for the company in a report on Wednesday, January 31st. Zacks Investment Research upgraded Colony NorthStar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank of Canada restated an “outperform” rating and set a $19.00 target price on shares of Colony NorthStar in a report on Wednesday, January 31st. Finally, JMP Securities upgraded Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Colony NorthStar has an average rating of “Buy” and a consensus price target of $15.35.
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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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