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

Several other equities research analysts have also recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of NorthStar Asset Management Group in a research note on Friday, November 10th. Zacks Investment Research upgraded NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, FBR & Co restated a “buy” rating and set a $15.00 price objective on shares of NorthStar Asset Management Group in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.45.

Shares of NorthStar Asset Management Group (NYSE:CLNS) traded up $0.03 during mid-day trading on Wednesday, hitting $12.15. The company had a trading volume of 3,793,043 shares, compared to its average volume of 3,479,868. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $6,610.00, a PE ratio of 50.29 and a beta of 1.46. NorthStar Asset Management Group has a fifty-two week low of $12.05 and a fifty-two week high of $16.08.

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 consensus estimate of $0.33. The business had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $695.50 million. NorthStar Asset Management Group had a return on equity of 1.88% and a net margin of 5.83%. The firm’s revenue for the quarter was up 271.9% on a year-over-year basis. equities research analysts predict that NorthStar Asset Management Group will post 1.34 earnings per share for the current fiscal year.

In other NorthStar Asset Management Group news, CFO Darren J. Tangen sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $12.42, for a total transaction of $2,484,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Colony Northstar, Inc. acquired 5,501 shares of the stock in a transaction on Thursday, October 5th. The shares were purchased at an average price of $5.40 per share, with a total value of $29,705.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 162,024 shares of company stock valued at $1,650,791. Company insiders own 7.99% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of NorthStar Asset Management Group by 104.7% during the third quarter. Wells Fargo & Company MN now owns 2,210,035 shares of the real estate investment trust’s stock worth $27,758,000 after buying an additional 1,130,318 shares in the last quarter. Twin Capital Management Inc. increased its holdings in shares of NorthStar Asset Management Group by 18.2% during the third 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 in the last quarter. Schroder Investment Management Group increased its holdings in shares of NorthStar Asset Management Group by 189.9% during the third quarter. Schroder Investment Management Group now owns 81,355 shares of the real estate investment trust’s stock worth $1,021,000 after buying an additional 53,295 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NorthStar Asset Management Group by 79.8% during the third quarter. JPMorgan Chase & Co. now owns 905,809 shares of the real estate investment trust’s stock worth $11,368,000 after buying an additional 402,062 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of NorthStar Asset Management Group by 10.9% during the third 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 in the last quarter. Institutional investors own 82.30% of the company’s stock.

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

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