NorthStar Asset Management Group, Inc. (NYSE:CLNS) announced a quarterly dividend on Wednesday, August 9th, Zacks reports. Investors of record on Saturday, September 30th will be given a dividend of 0.27 per share by the real estate investment trust on Monday, October 16th. This represents a $1.08 annualized dividend and a yield of 8.38%. The ex-dividend date is Thursday, September 28th.

NorthStar Asset Management Group has a payout ratio of 75.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect NorthStar Asset Management Group to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 71.1%.

NorthStar Asset Management Group (NYSE CLNS) traded down 0.08% during mid-day trading on Friday, reaching $12.89. 2,877,881 shares of the company traded hands. NorthStar Asset Management Group has a 52 week low of $12.29 and a 52 week high of $16.08. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.60. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 149.88 and a beta of 1.55.

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A number of equities analysts have recently weighed in on CLNS shares. 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 set a $15.00 price target (down from $16.00) on shares of NorthStar Asset Management Group in a research note on Friday, August 11th. Finally, ValuEngine cut shares of NorthStar Asset Management Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. NorthStar Asset Management Group has a consensus rating of “Hold” and an average price target of $16.85.

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.

Dividend History for NorthStar Asset Management Group (NYSE:CLNS)

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