K2 Principal Fund L.P. boosted its position in shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,919 shares of the real estate investment trust’s stock after buying an additional 15,587 shares during the period. K2 Principal Fund L.P.’s holdings in NorthStar Asset Management Group were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CLNS. American International Group Inc. purchased a new stake in NorthStar Asset Management Group during the first quarter valued at approximately $178,000. Teachers Advisors LLC purchased a new stake in NorthStar Asset Management Group during the first quarter valued at approximately $7,567,000. Dimensional Fund Advisors LP purchased a new stake in NorthStar Asset Management Group during the first quarter valued at approximately $10,652,000. Metropolitan Life Insurance Co. NY purchased a new stake in NorthStar Asset Management Group during the first quarter valued at approximately $685,000. Finally, Schroder Investment Management Group purchased a new stake in NorthStar Asset Management Group during the second quarter valued at approximately $392,000. 81.98% of the stock is owned by institutional investors.

Shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) opened at $12.45 on Friday. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.95. NorthStar Asset Management Group, Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $16.08. The firm has a market capitalization of $6,751.86, a P/E ratio of 51.50 and a beta of 1.52.

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 for the quarter, hitting 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 firm had revenue of $788.90 million for the quarter, compared to the consensus estimate of $695.50 million. NorthStar Asset Management Group’s revenue was up 271.9% on a year-over-year basis. research analysts anticipate that NorthStar Asset Management Group, Inc. will post 1.41 EPS for the current year.

In other news, CFO Darren J. Tangen sold 200,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Colony Northstar, Inc. purchased 5,501 shares of NorthStar Asset Management Group stock in a transaction dated Thursday, October 5th. The stock was acquired at an average price of $5.40 per share, for a total transaction of $29,705.40. The disclosure for this purchase can be found here. Corporate insiders own 7.99% of the company’s stock.

A number of equities research analysts have issued reports on CLNS shares. Zacks Investment Research upgraded NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. 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. ValuEngine downgraded NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.45.

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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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Institutional Ownership by Quarter for NorthStar Asset Management Group (NYSE:CLNS)

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