FBR Capital Believes NSAM Still Has Room to GrowBy Ryan Adsit
In a report issued on November 8, Jessica Levi-Ribner from FBR Capital reiterated a Buy rating on NorthStar Asset Management (NYSE: NSAM). The company’s shares closed yesterday at $13.51, close to its 52-week high of $14.36.
According to TipRanks.com, Levi-Ribner is a 4-star analyst with an average return of 7.2% and a 81.3% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Arlington Asset Investment, New York Mortgage Trust, and Starwood Property Trust.
NorthStar Asset Management has an analyst consensus of Moderate Buy.
The company has a one year high of $14.36 and a one year low of $9.17. Currently, NorthStar Asset Management has an average volume of 2.04M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSAM in relation to earlier this year.
Northstar Asset Management Group, Inc. provides asset management services. It focuses on strategically managing real estate investment platforms in the United States and internationally. The company was founded by David T. Hamamoto on December 10, 2013 and is headquartered in New York, NY