ValuEngine cut shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Several other brokerages also recently weighed in on CLNS. Zacks Investment Research upgraded shares of NorthStar Asset Management Group from a sell rating to a hold rating in a research note on Wednesday, July 12th. FBR & Co restated a buy rating and issued a $15.00 target price (down from $16.00) on shares of NorthStar Asset Management Group in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $16.85.

NorthStar Asset Management Group (CLNS) traded up 0.573% during midday trading on Thursday, reaching $13.165. 1,262,128 shares of the company’s stock were exchanged. The firm has a market capitalization of $7.27 billion, a P/E ratio of 153.081 and a beta of 1.55. The stock’s 50 day moving average is $13.73 and its 200 day moving average is $13.67. NorthStar Asset Management Group has a 52 week low of $11.96 and a 52 week high of $16.09.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/08/northstar-asset-management-group-inc-clns-lowered-to-hold-at-valuengine.html.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.25%. NorthStar Asset Management Group’s dividend payout ratio (DPR) is presently 830.83%.

Several hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group purchased a new position in shares of NorthStar Asset Management Group in the second quarter valued at $392,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NorthStar Asset Management Group in the first quarter valued at $232,000. Baupost Group LLC MA purchased a new position in shares of NorthStar Asset Management Group in the first quarter valued at $618,460,000. Pointe Capital Management LLC purchased a new position in shares of NorthStar Asset Management Group in the first quarter valued at $604,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of NorthStar Asset Management Group in the first quarter valued at $914,000. Institutional investors and hedge funds own 82.33% of the company’s stock.

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)

Receive News & Stock Ratings for NorthStar Asset Management Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthStar Asset Management Group Inc. and related stocks with our FREE daily email newsletter.