Northstar Realty Europe (NRE) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a buy rating in a report issued on Wednesday morning. The brokerage currently has $15.00 target price on the financial services provider’s stock.

According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “

A number of other equities analysts have also commented on NRE. JMP Securities initiated coverage on shares of Northstar Realty Europe in a report on Wednesday, October 4th. They issued an outperform rating and a $16.50 price target on the stock. FBR & Co initiated coverage on shares of Northstar Realty Europe in a report on Tuesday, October 31st. They issued a buy rating and a $17.00 price target on the stock. B. Riley reissued a buy rating and issued a $17.00 price target on shares of Northstar Realty Europe in a report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Northstar Realty Europe from a buy rating to a hold rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Northstar Realty Europe presently has an average rating of Buy and an average price target of $16.38.

Shares of Northstar Realty Europe (NRE) traded down $0.15 during trading hours on Wednesday, hitting $13.01. 130,481 shares of the stock were exchanged, compared to its average volume of 157,467. The company has a market cap of $729.02 and a price-to-earnings ratio of -38.26. Northstar Realty Europe has a 1 year low of $11.15 and a 1 year high of $14.70. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01.

In other Northstar Realty Europe news, major shareholder Colony Northstar, Inc. bought 99,628 shares of Northstar Realty Europe stock in a transaction that occurred on Friday, December 1st. The shares were bought 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 SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in shares of Northstar Realty Europe by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 115,517 shares of the financial services provider’s stock valued at $1,465,000 after purchasing an additional 539 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Northstar Realty Europe by 0.8% during the 2nd quarter. Teachers Advisors LLC now owns 114,989 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Northstar Realty Europe by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,850 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 917 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Northstar Realty Europe by 1.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 133,713 shares of the financial services provider’s stock valued at $1,695,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Northstar Realty Europe by 31.8% during the 2nd quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,081 shares during the last quarter. 70.75% of the stock is currently owned by institutional investors.

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About Northstar Realty Europe

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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