NorthStar Asset Management Group Inc (NSAM) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $0.21. The company posted revenue of $106.43 million in the period, compared to analysts expectations of $107.15 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Shares were Reiterated by Deutsche Bank on Mar 14, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $24 .Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $23 .
NorthStar Asset Management Group Inc opened for trading at $11.86 and hit $12.07 on the upside on Friday, eventually ending the session at $12.02, with a gain of 1.01% or 0.12 points. The heightened volatility saw the trading volume jump to 23,71,108 shares. Company has a market cap of $2,336 M.
In a different news, on Dec 15, 2015, Judith A Hannaway (director) purchased 500 shares at $11.57 per share price. According to the SEC, on May 20, 2015, Debra Ann Hess (Chief Financial Officer) sold 26,000 shares at $21.75 per share price. On Apr 6, 2015, Daniel R Gilbert (Chief Inv. and Op. Officer) sold 550,000 shares at $23.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities LLC (NorthStar Securities) which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Company’s sponsored companies include NorthStar Real Estate Income Trust Inc. (NorthStar Income); NorthStar Healthcare Income Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income Inc. ( NorthStar/RXR New York Metro) and NorthStar Corporate Income Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver Colorado; Dallas Texas; Bethesda Maryland; London United Kingdom; Senningerberg Luxembourg Los Angeles California and Pembroke Bermuda.