NorthStar Asset Management Group Inc (NSAM) was Upgraded by FBR Capital to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $12.50 . Earlier the firm had a rating of “Mkt Perform ” on the company shares. FBR Capital advised their investors in a research report released on Jun 6, 2016.
Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Shares were Downgraded by FBR Capital on Jun 1, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 12.50 from a previous price target of $15 .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 .
On the company’s financial health, NorthStar Asset Management Group Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $106.43 million for the quarter, 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.
NorthStar Asset Management Group Inc closed down -0.42 points or -3.41% at $11.89 with 59,93,515 shares getting traded on Friday. Post opening the session at $13.01, the shares hit an intraday low of $11.4501 and an intraday high of $13.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.