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

Shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) have earned a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.06.

A number of brokerages recently commented on CLNS. Wedbush reiterated an “outperform” rating and set a $17.25 price target (down from $26.00) on shares of NorthStar Asset Management Group in a report on Friday, April 21st. Zacks Investment Research upgraded NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, FBR & Co reiterated a “buy” rating and set a $16.00 price target on shares of NorthStar Asset Management Group in a report on Monday, May 15th.

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in NorthStar Asset Management Group during the first quarter worth about $1,073,347,000. Baupost Group LLC MA purchased a new stake in NorthStar Asset Management Group during the first quarter worth about $618,460,000. BlackRock Inc. purchased a new stake in NorthStar Asset Management Group during the first quarter worth about $399,597,000. FMR LLC purchased a new stake in NorthStar Asset Management Group during the first quarter worth about $314,654,000. Finally, CI Investments Inc. purchased a new stake in NorthStar Asset Management Group during the first quarter worth about $231,290,000. 83.53% of the stock is owned by institutional investors and hedge funds.

NorthStar Asset Management Group (NYSE:CLNS) traded down 0.2685% on Tuesday, hitting $13.4837. The company had a trading volume of 835,510 shares. The stock has a market capitalization of $7.44 billion, a PE ratio of 119.3248 and a beta of 1.54. The stock has a 50 day moving average of $14.42 and a 200-day moving average of $13.84. NorthStar Asset Management Group has a one year low of $11.80 and a one year high of $16.09.

The company 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Thursday, September 28th. NorthStar Asset Management Group’s dividend payout ratio is currently 830.83%.

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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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