LSV Asset Management Maintains Position in NorthStar Asset Management Group, Inc. (CLNS)

LSV Asset Management continued to hold its stake in shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,510,800 shares of the real estate investment trust’s stock at the close of the 2nd quarter. LSV Asset Management owned 0.27% of NorthStar Asset Management Group worth $21,287,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Baupost Group LLC MA bought a new stake in NorthStar Asset Management Group in the first quarter valued at approximately $618,460,000. Canada Pension Plan Investment Board bought a new stake in NorthStar Asset Management Group in the first quarter valued at approximately $1,097,000. Credit Agricole S A bought a new stake in NorthStar Asset Management Group in the first quarter valued at approximately $12,194,000. Sei Investments Co. bought a new stake in NorthStar Asset Management Group in the first quarter valued at approximately $2,251,000. Finally, Lazard Asset Management LLC bought a new stake in NorthStar Asset Management Group in the first quarter valued at approximately $1,293,000. 82.33% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on CLNS. Zacks Investment Research raised shares of NorthStar Asset Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 target price (down previously from $16.00) on shares of NorthStar Asset Management Group in a research note on Friday, August 11th. Finally, ValuEngine downgraded shares of NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.85.

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Shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) opened at 13.19 on Wednesday. The stock’s 50 day moving average is $13.66 and its 200 day moving average is $13.65. NorthStar Asset Management Group, Inc. has a 12 month low of $11.99 and a 12 month high of $16.08. The company has a market cap of $7.28 billion, a P/E ratio of 153.37 and a beta of 1.55.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.19%. NorthStar Asset Management Group’s dividend payout ratio (DPR) is presently 830.83%.

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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