NorthStar Asset Management Group, Inc. (CLNS) Receives $17.06 Consensus Target Price from Analysts

NorthStar Asset Management Group, Inc. (NYSE:CLNS) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.06.

CLNS has been the topic of several analyst reports. FBR & Co lowered their price objective on NorthStar Asset Management Group from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, March 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of NorthStar Asset Management Group in a research note on Thursday, March 2nd. Zacks Investment Research lowered NorthStar Asset Management Group from a “buy” rating to a “strong sell” rating in a research report on Monday, March 27th. JMP Securities began coverage on NorthStar Asset Management Group in a research report on Friday, March 31st. They set a “market perform” rating on the stock. Finally, Wedbush restated an “outperform” rating and set a $17.25 price target (down from $26.00) on shares of NorthStar Asset Management Group in a research report on Friday, April 21st.

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Large investors have recently added to or reduced their stakes in the company. Atria Investments LLC acquired a new stake in NorthStar Asset Management Group during the first quarter worth approximately $148,000. Guild Investment Management Inc. purchased a new position in shares of NorthStar Asset Management Group during the first quarter worth approximately $2,569,000. VNBTrust National Association purchased a new position in shares of NorthStar Asset Management Group during the first quarter worth approximately $627,000. Spirit of America Management Corp NY purchased a new position in shares of NorthStar Asset Management Group during the first quarter worth approximately $646,000. Finally, Bank of Montreal Can purchased a new position in shares of NorthStar Asset Management Group during the first quarter worth approximately $13,093,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

NorthStar Asset Management Group (CLNS) traded up 1.34% on Monday, reaching $14.38. The company had a trading volume of 6,026,150 shares. The company has a 50-day moving average of $13.69 and a 200 day moving average of $13.95. NorthStar Asset Management Group has a one year low of $9.70 and a one year high of $16.08. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 71.54 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from NorthStar Asset Management Group’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 7.51%. NorthStar Asset Management Group’s dividend payout ratio is 900.08%.

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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