NorthStar Asset Management Group, Inc. (NYSE:CLNS) CFO Darren J. Tangen sold 200,000 shares of NorthStar Asset Management Group stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $12.42, for a total transaction of $2,484,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NorthStar Asset Management Group, Inc. (NYSE:CLNS) traded up 0.08% during midday trading on Friday, hitting $12.56. 3,758,777 shares of the stock traded hands. NorthStar Asset Management Group, Inc. has a 1-year low of $12.29 and a 1-year high of $16.08. The company has a 50-day moving average price of $13.37 and a 200-day moving average price of $13.60. The firm has a market cap of $6.93 billion, a P/E ratio of 146.05 and a beta of 1.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 8.60%. The ex-dividend date is Thursday, September 28th. NorthStar Asset Management Group’s payout ratio is presently 830.83%.

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A number of brokerages have recently issued reports on CLNS. FBR & Co reiterated a “buy” rating on shares of NorthStar Asset Management Group in a research note on Tuesday, September 5th. Zacks Investment Research downgraded shares of NorthStar Asset Management Group from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Finally, ValuEngine downgraded shares of NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.85.

Institutional investors and hedge funds have recently modified their holdings of the stock. Meadow Creek Investment Management LLC bought a new position in NorthStar Asset Management Group during the first quarter valued at approximately $118,000. Stifel Financial Corp bought a new position in NorthStar Asset Management Group during the first quarter valued at approximately $130,000. RFG Advisory Group LLC bought a new position in NorthStar Asset Management Group during the first quarter valued at approximately $162,000. Caisse DE Depot ET Placement DU Quebec bought a new position in NorthStar Asset Management Group during the first quarter valued at approximately $173,000. Finally, American International Group Inc. bought a new position in NorthStar Asset Management Group during the first quarter valued at approximately $178,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

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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