NorthStar Asset Management Group Inc (NSAM) Releases Earnings Results, Beats Expectations By $0.12 EPS

NorthStar Asset Management Group Inc (NSAM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.16. Analysts expectations of $118.43 million.

Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Company shares were Upgraded by FBR Capital on Jun 6, 2016 to ” Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $12.50 .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 .

NorthStar Asset Management Group Inc closed down -0.18 points or -1.52% at $11.66 with 13,02,628 shares getting traded on Tusday. Post opening the session at $11.78, the shares hit an intraday low of $11.53 and an intraday high of $11.84 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.

NorthStar Asset Management Group Inc

Leave a Reply

NorthStar Asset Management Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on NorthStar Asset Management Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.