Somewhat Favorable Media Coverage Somewhat Unlikely to Affect NorthStar Asset Management Group (NYSE:CLNS) Stock Price
News headlines about NorthStar Asset Management Group (NYSE:CLNS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NorthStar Asset Management Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.8845741096164 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- NorthStar Asset Management Group, Inc. (NYSE:CLNS) Rating Reiterated by FBR & Co (americanbankingnews.com)
- NorthStar Asset Management Group, Inc. (CLNS) Expected to Post Quarterly Sales of $108.25 Million (americanbankingnews.com)
- Colony NorthStar, Inc. breached its 50 day moving average in a Bearish Manner : CLNS-US : August 10, 2017 (finance.yahoo.com)
- Edited Transcript of CLNS.N earnings conference call or presentation 9-Aug-17 2:00pm GMT (finance.yahoo.com)
- Colony NorthStar’s (CLNS) CEO Darren Tangen on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
NorthStar Asset Management Group (NYSE:CLNS) traded up 0.96% during trading on Friday, hitting $13.65. The stock had a trading volume of 3,791,074 shares. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 120.80 and a beta of 1.54. NorthStar Asset Management Group has a 12 month low of $11.80 and a 12 month high of $16.08. The firm has a 50 day moving average of $14.42 and a 200-day moving average of $13.84.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Thursday, September 28th. NorthStar Asset Management Group’s dividend payout ratio (DPR) is presently 830.83%.
Several analysts have commented on CLNS shares. Wedbush reiterated an “outperform” rating and set a $17.25 target price (down from $26.00) on shares of NorthStar Asset Management Group in a research note on Friday, April 21st. Zacks Investment Research raised NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, FBR & Co reissued a “buy” rating and set a $16.00 price target on shares of NorthStar Asset Management Group in a report on Monday, May 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.85.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect NorthStar Asset Management Group (NYSE:CLNS) Stock Price” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-northstar-asset-management-group-nyseclns-stock-price/1476126.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.