NorthStar Asset Management Group (CLNS) Upgraded by ValuEngine to Buy

NorthStar Asset Management Group (NYSE:CLNS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

CLNS has been the topic of a number of other research reports. FBR & Co restated a “buy” rating on shares of NorthStar Asset Management Group in a research report on Tuesday, September 5th. Zacks Investment Research upgraded NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, B. Riley restated a “buy” rating and set a $15.00 price objective on shares of NorthStar Asset Management Group in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.45.

Shares of NorthStar Asset Management Group (CLNS) traded up $0.03 on Wednesday, hitting $12.15. The stock had a trading volume of 3,793,043 shares, compared to its average volume of 3,479,868. NorthStar Asset Management Group has a one year low of $12.05 and a one year 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 cap of $6,610.00, a price-to-earnings ratio of 50.29 and a beta of 1.46.

NorthStar Asset Management Group (NYSE:CLNS) last issued its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 company’s revenue was up 271.9% on a year-over-year basis. equities analysts expect that NorthStar Asset Management Group will post 1.34 earnings per share for the current fiscal year.

In related news, CFO Darren J. Tangen sold 200,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $12.42, for a total transaction of $2,484,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Colony Northstar, Inc. bought 5,501 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were bought at an average cost of $5.40 per share, for a total transaction of $29,705.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 162,024 shares of company stock worth $1,650,791 in the last 90 days. 7.99% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group acquired a new position in NorthStar Asset Management Group during the 2nd quarter worth about $392,000. K2 Principal Fund L.P. lifted its holdings 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. lifted its holdings 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. Relative Value Partners Group LLC lifted its holdings 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, Legal & General Group Plc lifted its holdings in NorthStar Asset Management Group by 10.9% during the 3rd quarter. Legal & General Group Plc now owns 564,025 shares of the real estate investment trust’s stock worth $7,085,000 after buying an additional 55,336 shares during the period. 82.30% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “NorthStar Asset Management Group (CLNS) Upgraded by ValuEngine to Buy” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/12/06/northstar-asset-management-group-clns-upgraded-by-valuengine-to-buy.html.

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)

What are top analysts saying about NorthStar Asset Management Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NorthStar Asset Management Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit