Northstar Realty Europe Corp (NRE) Given Average Recommendation of “Strong Buy” by Brokerages

Northstar Realty Europe Corp (NYSE:NRE) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $16.75 for the company and are expecting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Northstar Realty Europe an industry rank of 189 out of 265 based on the ratings given to related companies.

Several analysts have recently weighed in on NRE shares. BidaskClub downgraded Northstar Realty Europe from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. FBR & Co initiated coverage on shares of Northstar Realty Europe in a research report on Tuesday, October 31st. They set a “buy” rating and a $17.00 price target on the stock. ValuEngine cut shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Friday. JMP Securities initiated coverage on shares of Northstar Realty Europe in a research report on Wednesday, October 4th. They set an “outperform” rating and a $16.50 price target on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of Northstar Realty Europe in a research report on Wednesday, November 1st.

In related news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of Northstar Realty Europe stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $14.54 per share, with a total value of $1,448,591.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NRE. Senvest Management LLC lifted its holdings in Northstar Realty Europe by 41.3% in the second quarter. Senvest Management LLC now owns 4,402,909 shares of the financial services provider’s stock worth $55,829,000 after acquiring an additional 1,287,805 shares during the last quarter. Hilton Capital Management LLC bought a new position in Northstar Realty Europe in the second quarter worth about $15,029,000. Phocas Financial Corp. bought a new position in Northstar Realty Europe in the second quarter worth about $5,362,000. FMR LLC lifted its holdings in Northstar Realty Europe by 240.5% in the second quarter. FMR LLC now owns 504,453 shares of the financial services provider’s stock worth $6,397,000 after acquiring an additional 356,307 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC lifted its holdings in Northstar Realty Europe by 50.2% in the third quarter. Ranger Global Real Estate Advisors LLC now owns 886,126 shares of the financial services provider’s stock worth $11,351,000 after acquiring an additional 296,101 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northstar Realty Europe (NYSE NRE) remained flat at $$14.50 during trading on Friday. 204,819 shares of the stock traded hands, compared to its average volume of 296,675. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. Northstar Realty Europe has a 1-year low of $10.76 and a 1-year high of $14.70.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 4.14%. Northstar Realty Europe’s payout ratio is -171.42%.

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Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

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