NorthStar Asset Management Group (CLNS) Earns Coverage Optimism Rating of 0.18
News articles about NorthStar Asset Management Group (NYSE:CLNS) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NorthStar Asset Management Group earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.3147586441296 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock – Business Wire (press release) (businesswire.com)
- Colony NorthStar, Inc. Announces Partial Redemption of 8.25% Series B Cumulative Redeemable Perpetual Preferred Stock (finance.yahoo.com)
- Colony NorthStar, Inc. Announces Pricing of $275 Million of 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock Offering (finance.yahoo.com)
- NorthStar Asset Management Group, Inc. (CLNS) Downgraded to “Hold” at ValuEngine (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. FBR & Co reaffirmed a “buy” rating and set a $15.00 price target (down from $16.00) on shares of NorthStar Asset Management Group in a research note on Friday, August 11th. ValuEngine cut shares of NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised shares of NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.85.
Shares of NorthStar Asset Management Group (NYSE:CLNS) opened at 12.92 on Thursday. NorthStar Asset Management Group has a 12-month low of $11.99 and a 12-month high of $16.08. The stock has a 50 day moving average price of $13.62 and a 200 day moving average price of $13.64. The firm has a market cap of $7.13 billion, a P/E ratio of 150.23 and a beta of 1.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.36%. NorthStar Asset Management Group’s dividend payout ratio is 830.83%.
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About NorthStar Asset Management Group
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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