NorthStar Asset Management Group, Inc. (NYSE:CLNS) Rating Reiterated by FBR & Co
NorthStar Asset Management Group, Inc. (NYSE:CLNS)‘s stock had its “buy” rating reissued by equities research analysts at FBR & Co in a research report issued on Friday. They presently have a $15.00 target price on the real estate investment trust’s stock, down from their prior target price of $16.00. FBR & Co’s target price would indicate a potential upside of 9.89% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wedbush reissued an “outperform” rating and issued a $17.25 target price (down from $26.00) on shares of NorthStar Asset Management Group in a research note on Friday, April 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.85.
NorthStar Asset Management Group (NYSE CLNS) traded up 0.96% during mid-day trading on Friday, reaching $13.65. 3,791,074 shares of the company traded hands. The company’s 50-day moving average is $14.42 and its 200-day moving average is $13.84. NorthStar Asset Management Group has a 12-month low of $11.80 and a 12-month high of $16.08. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 120.80 and a beta of 1.54.
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Several large investors have recently added to or reduced their stakes in CLNS. Schroder Investment Management Group bought a new stake in NorthStar Asset Management Group during the second quarter worth approximately $392,000. Skandinaviska Enskilda Banken AB publ bought a new stake in NorthStar Asset Management Group during the first quarter worth approximately $232,000. Baupost Group LLC MA bought a new stake in NorthStar Asset Management Group during the first quarter worth approximately $618,460,000. Pointe Capital Management LLC bought a new stake in NorthStar Asset Management Group during the first quarter worth approximately $604,000. Finally, Achmea Investment Management B.V. bought a new stake in NorthStar Asset Management Group during the first quarter worth approximately $914,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
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