NorthStar Asset Management Group, Inc. (NYSE:CLNS) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.45.

A number of research analysts recently commented on the stock. ValuEngine raised shares of NorthStar Asset Management Group from a “hold” rating to a “buy” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of NorthStar Asset Management Group in a report on Friday, November 10th. Zacks Investment Research raised shares of NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $15.00 price target on shares of NorthStar Asset Management Group in a report on Tuesday, October 3rd.

Shares of NorthStar Asset Management Group (NYSE CLNS) traded down $0.06 during trading hours on Monday, hitting $12.09. 3,280,543 shares of the company were exchanged, compared to its average volume of 3,479,023. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.95. NorthStar Asset Management Group has a 1 year low of $12.05 and a 1 year high of $16.08. The company has a market cap of $6,620.76, a P/E ratio of 50.50 and a beta of 1.50.

NorthStar Asset Management Group (NYSE:CLNS) last announced its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. NorthStar Asset Management Group had a net margin of 5.83% and a return on equity of 1.88%. The firm had revenue of $788.90 million during the quarter, compared to the consensus estimate of $695.50 million. The company’s revenue was up 271.9% on a year-over-year basis. equities research analysts predict that NorthStar Asset Management Group will post 1.34 earnings per share for the current fiscal year.

In other NorthStar Asset Management Group news, CFO Darren J. Tangen sold 200,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Colony Northstar, Inc. acquired 5,501 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was purchased at an average cost of $5.40 per share, with a total value of $29,705.40. The disclosure for this purchase can be found here. In the last three months, insiders acquired 162,024 shares of company stock valued at $1,650,791. 7.99% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group purchased a new position in shares of NorthStar Asset Management Group during the second quarter worth approximately $392,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of NorthStar Asset Management Group during the first quarter worth approximately $685,000. K2 Principal Fund L.P. increased its position in shares of NorthStar Asset Management Group by 18.5% during the third quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock worth $1,255,000 after acquiring an additional 15,587 shares during the period. Twin Capital Management Inc. increased its position in shares of NorthStar Asset Management Group by 18.2% during the third quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock worth $2,199,000 after acquiring an additional 26,970 shares during the period. Finally, Relative Value Partners Group LLC increased its position in shares of NorthStar Asset Management Group by 23.9% during the third quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock worth $2,403,000 after acquiring an additional 36,094 shares during the period. 82.30% of the stock is owned by institutional investors and hedge funds.

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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.

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

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