Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NorthStar Asset Management Group (CLNS) Stock Price
News coverage about NorthStar Asset Management Group (NYSE:CLNS) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.14 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.0006480552462 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Northstar Asset Shares Up 34.1% Since SmarTrend’s Buy Recommendation (NSAM) (mysmartrend.com)
- 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)
Several research firms have recently weighed in on CLNS. FBR & Co reaffirmed a “buy” rating and set a $15.00 price target (down previously from $16.00) on shares of NorthStar Asset Management Group in a research note on Friday, August 11th. 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $17.25 price target (down previously from $26.00) on shares of NorthStar Asset Management Group in a research note on Friday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. NorthStar Asset Management Group currently has an average rating of “Buy” and an average target price of $16.85.
Shares of NorthStar Asset Management Group (CLNS) traded up 0.45% during trading on Wednesday, reaching $13.28. 3,660,924 shares of the company were exchanged. The firm has a 50-day moving average price of $14.30 and a 200-day moving average price of $13.81. The stock has a market capitalization of $7.33 billion, a P/E ratio of 117.52 and a beta of 1.54. NorthStar Asset Management Group has a 1-year low of $11.80 and a 1-year high of $16.08.
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 given a $0.27 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.13%. NorthStar Asset Management Group’s dividend payout ratio 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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