Somewhat Positive Press Coverage Somewhat Unlikely to Impact Colony NorthStar (CLNS) Share Price

Media coverage about Colony NorthStar (NYSE:CLNS) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colony NorthStar earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.495658852416 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

CLNS has been the topic of a number of research analyst reports. JMP Securities raised 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 lowered Colony NorthStar from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine raised Colony NorthStar from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Colony NorthStar in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of Colony NorthStar in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.00.

NYSE CLNS opened at $5.68 on Tuesday. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 1.01. Colony NorthStar has a one year low of $5.28 and a one year high of $14.74.

Colony NorthStar (NYSE:CLNS) last released its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.08). The business had revenue of $720.30 million for the quarter, compared to analyst estimates of $755.19 million. Colony NorthStar had a negative return on equity of 1.86% and a negative net margin of 7.08%. The firm’s quarterly revenue was up 245.5% compared to the same quarter last year. equities research analysts expect that Colony NorthStar will post 0.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Wednesday, March 28th.

In other news, Director John Steffens bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average price of $5.94 per share, with a total value of $59,400.00. Following the transaction, the director now owns 61,690 shares in the company, valued at $366,438.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.75% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Colony NorthStar (NYSE:CLNS)

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