Shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.81.

CLNS has been the topic of several research analyst reports. Zacks Investment Research lowered NorthStar Asset Management Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. FBR & Co restated a “buy” rating and issued a $16.00 price objective on shares of NorthStar Asset Management Group in a research note on Monday, May 15th.

Shares of NorthStar Asset Management Group (CLNS) opened at 12.97 on Friday. The stock’s 50 day moving average price is $14.10 and its 200-day moving average price is $13.76. NorthStar Asset Management Group has a one year low of $11.95 and a one year high of $16.08. The stock has a market cap of $7.16 billion, a PE ratio of 150.81 and a beta of 1.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a $0.27 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.33%. NorthStar Asset Management Group’s dividend payout ratio is 830.83%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in NorthStar Asset Management Group during the first quarter valued at about $1,073,347,000. Baupost Group LLC MA purchased a new position in NorthStar Asset Management Group during the first quarter valued at approximately $618,460,000. BlackRock Inc. purchased a new position in NorthStar Asset Management Group during the first quarter valued at approximately $399,597,000. FMR LLC purchased a new position in NorthStar Asset Management Group during the first quarter valued at approximately $314,654,000. Finally, CI Investments Inc. purchased a new position in NorthStar Asset Management Group during the first quarter valued at approximately $231,290,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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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.

Analyst Recommendations for NorthStar Asset Management Group (NYSE:CLNS)

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