NorthStar Asset Management Group, Inc. (NYSE:CLNS) has received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.42.

Several equities research analysts have issued reports on the stock. FBR & Co restated a “buy” rating on shares of NorthStar Asset Management Group in a research report on Tuesday, September 5th. ValuEngine downgraded shares of NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research upgraded shares of NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC acquired a new stake in shares of NorthStar Asset Management Group in the first quarter valued at approximately $118,000. Stifel Financial Corp acquired a new stake in shares of NorthStar Asset Management Group in the first quarter valued at approximately $130,000. RFG Advisory Group LLC acquired a new stake in shares of NorthStar Asset Management Group in the first quarter valued at approximately $162,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of NorthStar Asset Management Group in the first quarter valued at approximately $173,000. Finally, American International Group Inc. acquired a new stake in shares of NorthStar Asset Management Group in the first quarter valued at approximately $178,000. Institutional investors own 81.30% of the company’s stock.

NorthStar Asset Management Group (CLNS) opened at 12.91 on Wednesday. NorthStar Asset Management Group has a 52-week low of $12.29 and a 52-week high of $16.08. The firm has a market cap of $7.13 billion, a PE ratio of 150.12 and a beta of 1.55. The company’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.60.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.27 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.37%. NorthStar Asset Management Group’s payout ratio is 830.83%.

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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.

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

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