NorthStar Asset Management Group (NSAM) has risen sharply, recording gains of 5.97% in the past 4 weeks. However, the stock has corrected -1.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 5.81%. NorthStar Asset Management Group (NYSE:NSAM): On Fridays trading session , Opening price of the stock was $11.93 with an intraday high of $12.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.9. However, the stock managed to close at $11.9, a loss of 0.50% for the day. On the previous day, the stock had closed at $11.96. The total traded volume of the day was 944,639 shares.
The company Insiders own 2.54% of NorthStar Asset Management Group shares according to the proxy statements. Institutional Investors own 84.63% of NorthStar Asset Management Group shares. Also, Keefe Bruyette & Woods maintains its view on NorthStar Asset Management Group (NYSE:NSAM) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Keefe Bruyette & Woods lowers the price target from $18 per share to $16 per share on NorthStar Asset Management Group . The rating by the firm was issued on August 5, 2016.
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 Companys 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.