News headlines about NorthStar Asset Management Group (NYSE:CLNS) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NorthStar Asset Management Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.7089386335451 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
NorthStar Asset Management Group (NYSE:CLNS) traded up 0.48% during midday trading on Monday, hitting $14.69. 2,106,940 shares of the stock traded hands. NorthStar Asset Management Group has a 1-year low of $11.15 and a 1-year high of $16.08. The company has a 50-day moving average of $14.01 and a 200-day moving average of $13.91. The stock has a market cap of $8.10 billion, a PE ratio of 73.08 and a beta of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a dividend of $0.27 per share. This is a positive change from NorthStar Asset Management Group’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, June 28th. This represents a $1.08 annualized dividend and a dividend yield of 7.35%. NorthStar Asset Management Group’s payout ratio is presently 900.08%.
Several equities research analysts have recently weighed in on CLNS shares. JMP Securities started coverage on shares of NorthStar Asset Management Group in a research report on Friday, March 31st. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of NorthStar Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Wedbush reissued an “outperform” rating and issued a $17.25 target price (down previously from $26.00) on shares of NorthStar Asset Management Group in a research report on Friday, April 21st. Finally, FBR & Co reissued a “buy” rating and issued a $16.00 target price on shares of NorthStar Asset Management Group in a research report on Monday, May 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NorthStar Asset Management Group currently has an average rating of “Buy” and an average price target of $17.05.
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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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