NorthStar Asset Management Group, Inc. (CLNS) Receives Average Rating of “Buy” from Brokerages

Shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.45.

Several equities research analysts recently commented on CLNS shares. B. Riley restated a “buy” rating on shares of NorthStar Asset Management Group in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $15.00 target price (down previously from $16.00) on shares of NorthStar Asset Management Group in a research report on Friday, August 11th. ValuEngine lowered NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research lowered NorthStar Asset Management Group from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd.

Shares of NorthStar Asset Management Group (NYSE:CLNS) opened at $12.13 on Monday. NorthStar Asset Management Group has a 52-week low of $12.05 and a 52-week high of $16.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.64 and a current ratio of 4.64. The company has a market capitalization of $6,626.22, a PE ratio of 50.54 and a beta of 1.50.

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

In other news, major shareholder Colony Northstar, Inc. purchased 37,408 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $14.55 per share, with a total value of $544,286.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 162,024 shares of company stock worth $1,650,791. 7.99% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. K2 Principal Fund L.P. raised its stake in NorthStar Asset Management Group by 18.5% during the 3rd quarter. K2 Principal Fund L.P. now owns 99,919 shares of the real estate investment trust’s stock worth $1,255,000 after buying an additional 15,587 shares during the period. Twin Capital Management Inc. raised its stake in NorthStar Asset Management Group by 18.2% during the 3rd quarter. Twin Capital Management Inc. now owns 175,100 shares of the real estate investment trust’s stock worth $2,199,000 after buying an additional 26,970 shares during the period. Schroder Investment Management Group acquired a new position in NorthStar Asset Management Group during the 2nd quarter worth approximately $392,000. Relative Value Partners Group LLC raised its stake in NorthStar Asset Management Group by 23.9% during the 3rd quarter. Relative Value Partners Group LLC now owns 187,300 shares of the real estate investment trust’s stock worth $2,403,000 after buying an additional 36,094 shares during the period. Finally, Metropolitan Life Insurance Co. NY acquired a new position in NorthStar Asset Management Group during the 1st quarter worth approximately $685,000. 82.30% of the stock is currently owned by institutional investors and hedge funds.

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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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