ValuEngine upgraded shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) from a hold rating to a buy rating in a report published on Monday.

Several other research analysts also recently issued reports on CLNS. FBR & Co reiterated a buy rating and set a $15.00 price target (down previously from $16.00) on shares of NorthStar Asset Management Group in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of NorthStar Asset Management Group from a hold rating to a sell rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. NorthStar Asset Management Group presently has an average rating of Hold and a consensus target price of $16.81.

NorthStar Asset Management Group (NYSE:CLNS) traded down 0.8065% during mid-day trading on Monday, hitting $12.6075. 682,485 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $12.94 and a 200 day moving average of $13.55. The stock has a market capitalization of $6.96 billion, a P/E ratio of 146.5988 and a beta of 1.54. NorthStar Asset Management Group has a 52 week low of $12.37 and a 52 week high of $16.09.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.50%. NorthStar Asset Management Group’s payout ratio is presently 830.83%.

In other NorthStar Asset Management Group news, CFO Darren J. Tangen sold 200,000 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.99% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new position in NorthStar Asset Management Group during the 1st quarter valued at about $130,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in NorthStar Asset Management Group during the 1st quarter valued at about $173,000. American International Group Inc. acquired a new position in NorthStar Asset Management Group during the 1st quarter valued at about $178,000. Adalta Capital Management LLC acquired a new position in NorthStar Asset Management Group during the 1st quarter valued at about $185,000. Finally, Paloma Partners Management Co acquired a new position in NorthStar Asset Management Group during the 1st quarter valued at about $195,000. Institutional investors own 81.30% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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