NorthStar Asset Management Group (CLNS) Given News Sentiment Rating of 0.16
Headlines about NorthStar Asset Management Group (NYSE:CLNS) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 44.7114282346465 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- NorthStar Asset Management Group, Inc. (CLNS) Major Shareholder Buys $29,705.40 in Stock (americanbankingnews.com)
- [$$] Digital Bridge Joins Forces With Tom Barrack’s Firm in $3 Billion Bet on Digital Infrastructure (finance.yahoo.com)
- Colony NorthStar, Inc. :CLNS-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017 (finance.yahoo.com)
- ETFs with exposure to Colony NorthStar, Inc. : September 29, 2017 (finance.yahoo.com)
Shares of NorthStar Asset Management Group (NYSE CLNS) opened at 12.55 on Friday. NorthStar Asset Management Group has a one year low of $12.37 and a one year high of $16.08. The company has a market capitalization of $6.93 billion, a P/E ratio of 145.93 and a beta of 1.54. The firm has a 50 day moving average price of $12.91 and a 200 day moving average price of $13.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend is Thursday, September 28th. NorthStar Asset Management Group’s dividend payout ratio (DPR) is presently 830.83%.
CLNS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co reiterated a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of NorthStar Asset Management Group in a report on Friday, August 11th. Finally, ValuEngine downgraded NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.81.
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In other news, major shareholder Colony Northstar, Inc. bought 5,501 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average cost of $5.40 per share, with a total value of $29,705.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Darren J. Tangen sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $12.42, for a total value of $2,484,000.00. The disclosure for this sale can be found here. Insiders own 7.99% 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.
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