NorthStar Asset Management Group (CLNS) Earning Somewhat Positive News Coverage, Study Shows

Headlines about NorthStar Asset Management Group (NYSE:CLNS) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. 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 daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.5797802182305 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

• Shikiar Asset Management Inc Buys PayPal Holdings Inc, United Technologies Corp, Cardinal … (nasdaq.com)
• Senior Housing Properties Trust (SNH) versus NorthStar Asset Management Group (CLNS) Head-To-Head Contrast (americanbankingnews.com)
• NorthStar Asset Management Group, Inc. (CLNS) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
• ETFs with exposure to Colony NorthStar, Inc. : July 31, 2017 (finance.yahoo.com)

A number of research firms have issued reports on CLNS. 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. FBR & Co restated a “buy” rating and set a $16.00 target price on shares of NorthStar Asset Management Group in a research report on Monday, May 15th. Finally, Wedbush restated an “outperform” rating and set a $17.25 target price (down from $26.00) on shares of NorthStar Asset Management Group in a research report on Friday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.05.

Shares of NorthStar Asset Management Group (CLNS) opened at 14.56 on Friday. The firm has a market capitalization of $8.03 billion, a P/E ratio of 72.44 and a beta of 1.54. The company has a 50 day moving average of $14.42 and a 200-day moving average of $13.82. NorthStar Asset Management Group has a 12 month low of $11.63 and a 12 month high of $16.08.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from NorthStar Asset Management Group’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 7.42%. NorthStar Asset Management Group’s dividend payout ratio is presently 900.08%.

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NorthStar Asset Management Group Company Profile

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.