NorthStar Asset Management Group, Inc. (NYSE:CLNS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other research firms have also recently commented on CLNS. Zacks Investment Research cut NorthStar Asset Management Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. FBR & Co reissued a “buy” rating and issued a $16.00 target price on shares of NorthStar Asset Management Group in a research note on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NorthStar Asset Management Group presently has an average rating of “Hold” and an average target price of $16.85.

Shares of NorthStar Asset Management Group (NYSE CLNS) traded up 0.31% during trading on Thursday, reaching $13.13. The company’s stock had a trading volume of 3,066,702 shares. The firm has a market cap of $7.25 billion, a P/E ratio of 152.67 and a beta of 1.55. NorthStar Asset Management Group has a one year low of $11.96 and a one year high of $16.08. The stock’s 50 day moving average is $13.69 and its 200 day moving average is $13.67.

TRADEMARK VIOLATION WARNING: “NorthStar Asset Management Group, Inc. (CLNS) Downgraded to “Hold” at ValuEngine” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/09/northstar-asset-management-group-inc-clns-downgraded-to-hold-at-valuengine.html.

Several institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC purchased a new stake in shares of NorthStar Asset Management Group during the first quarter valued at $118,000. Cowen Prime Services LLC purchased a new stake in shares of NorthStar Asset Management Group during the first quarter valued at $130,000. Stifel Financial Corp purchased a new stake in shares of NorthStar Asset Management Group during the first quarter valued at $130,000. Glen Harbor Capital Management LLC purchased a new stake in shares of NorthStar Asset Management Group during the first quarter valued at $150,000. Finally, RFG Advisory Group LLC purchased a new stake in shares of NorthStar Asset Management Group during the first quarter valued at $162,000. 82.33% of the stock is currently owned by 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for NorthStar Asset Management Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthStar Asset Management Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.