Senvest Management LLC Has $61.21 Million Position in Northstar Realty Europe Corp (NRE)

Senvest Management LLC increased its position in Northstar Realty Europe Corp (NYSE:NRE) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,777,909 shares of the financial services provider’s stock after acquiring an additional 375,000 shares during the period. Northstar Realty Europe makes up about 4.0% of Senvest Management LLC’s portfolio, making the stock its 6th biggest holding. Senvest Management LLC owned about 8.62% of Northstar Realty Europe worth $61,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRE. Russell Investments Group Ltd. raised its stake in shares of Northstar Realty Europe by 589.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 171,788 shares of the financial services provider’s stock valued at $2,178,000 after buying an additional 146,856 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Northstar Realty Europe by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 536,183 shares of the financial services provider’s stock valued at $6,799,000 after buying an additional 54,018 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Northstar Realty Europe by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 478,763 shares of the financial services provider’s stock valued at $6,071,000 after buying an additional 5,640 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Northstar Realty Europe by 37.4% during the 2nd quarter. Legal & General Group Plc now owns 23,604 shares of the financial services provider’s stock valued at $299,000 after buying an additional 6,430 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Northstar Realty Europe by 186.7% during the 2nd quarter. Prudential Financial Inc. now owns 277,501 shares of the financial services provider’s stock valued at $3,519,000 after buying an additional 180,700 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

In other Northstar Realty Europe news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $14.54 per share, for a total transaction of $1,448,591.12. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Northstar Realty Europe Corp (NRE) traded down $0.01 during trading hours on Monday, hitting $14.50. The stock had a trading volume of 293,800 shares, compared to its average volume of 297,071. Northstar Realty Europe Corp has a 52-week low of $10.66 and a 52-week high of $14.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05.

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Friday, November 17th. Northstar Realty Europe’s dividend payout ratio (DPR) is presently -171.42%.

NRE has been the subject of a number of recent research reports. BidaskClub lowered Northstar Realty Europe from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. FBR & Co started coverage on Northstar Realty Europe in a research report on Tuesday, October 31st. They set a “buy” rating and a $17.00 target price on the stock. ValuEngine cut Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Friday. JMP Securities started coverage on Northstar Realty Europe in a research report on Wednesday, October 4th. They set an “outperform” rating and a $16.50 target price on the stock. Finally, B. Riley restated a “buy” rating and set a $17.00 target price on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.83.

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Northstar Realty Europe 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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Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

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