B. Riley reiterated their buy rating on shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) in a research report sent to investors on Friday. The firm currently has a $15.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of NorthStar Asset Management Group from a hold rating to a sell rating in a research note on Friday, September 22nd. FBR & Co reaffirmed a buy rating and set a $15.00 price objective on shares of NorthStar Asset Management Group in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of NorthStar Asset Management Group from a buy rating to a hold rating in a research note on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $16.45.

NorthStar Asset Management Group (CLNS) opened at $12.60 on Friday. The stock has a market cap of $6,939.92, a PE ratio of 52.38 and a beta of 1.52. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95. NorthStar Asset Management Group has a 1-year low of $12.13 and a 1-year high of $16.08.

NorthStar Asset Management Group (NYSE:CLNS) last released its earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. The company had revenue of $788.90 million for the quarter, compared to analyst estimates of $695.50 million. NorthStar Asset Management Group had a net margin of 5.83% and a return on equity of 1.88%. The firm’s revenue for the quarter was up 271.9% on a year-over-year basis. equities research analysts predict that NorthStar Asset Management Group will post 1.41 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “NorthStar Asset Management Group, Inc. (CLNS) Earns Buy Rating from B. Riley” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/11/14/northstar-asset-management-group-inc-clns-earns-buy-rating-from-b-riley.html.

In other NorthStar Asset Management Group news, CFO Darren J. Tangen sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $12.42, for a total value of $2,484,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Colony Northstar, Inc. purchased 119,115 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was bought at an average price of $9.04 per share, with a total value of $1,076,799.60. The disclosure for this purchase can be found here. 7.99% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new position in shares of NorthStar Asset Management Group during the 1st quarter valued at approximately $444,000. Wellington Management Group LLP purchased a new position in shares of NorthStar Asset Management Group during the 1st quarter valued at approximately $434,000. Dimensional Fund Advisors LP purchased a new position in shares of NorthStar Asset Management Group during the 1st quarter valued at approximately $10,652,000. Paloma Partners Management Co purchased a new position in shares of NorthStar Asset Management Group during the 1st quarter valued at approximately $195,000. Finally, Teachers Advisors LLC purchased a new position in shares of NorthStar Asset Management Group during the 1st quarter valued at approximately $7,567,000. Institutional investors own 82.16% 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.

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.