NorthStar Asset Management Group, Inc. (NYSE:CLNS) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.81.
Several research firms have recently weighed in on CLNS. Zacks Investment Research upgraded NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co reiterated a “buy” rating and set a $15.00 price objective (down previously from $16.00) on shares of NorthStar Asset Management Group in a report on Friday, August 11th. Finally, ValuEngine cut NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th.
NorthStar Asset Management Group (NYSE:CLNS) opened at 12.51 on Friday. The company has a 50-day moving average price of $12.83 and a 200-day moving average price of $13.53. The firm has a market cap of $6.91 billion, a P/E ratio of 145.47 and a beta of 1.54. NorthStar Asset Management Group has a 12-month low of $12.37 and a 12-month high of $16.08.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend is Thursday, September 28th. NorthStar Asset Management Group’s dividend payout ratio is presently 830.83%.
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In other news, major shareholder Colony Northstar, Inc. bought 5,501 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average price of $5.40 per share, with a total value of $29,705.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Darren J. Tangen sold 200,000 shares of NorthStar Asset Management Group stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $12.42, for a total value of $2,484,000.00. The disclosure for this sale can be found here. 7.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new stake in NorthStar Asset Management Group in the 1st quarter valued at approximately $130,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in NorthStar Asset Management Group in the 1st quarter valued at approximately $173,000. American International Group Inc. acquired a new stake in NorthStar Asset Management Group in the 1st quarter valued at approximately $178,000. Adalta Capital Management LLC acquired a new stake in NorthStar Asset Management Group in the 1st quarter valued at approximately $185,000. Finally, Paloma Partners Management Co acquired a new stake in NorthStar Asset Management Group in the 1st quarter valued at approximately $195,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.
NorthStar Asset Management Group 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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