Northstar Realty Europe (NRE) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a buy rating in a report issued on Wednesday morning.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Northstar Realty Europe from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Tuesday, August 14th. B. Riley set a $18.00 price target on shares of Northstar Realty Europe and gave the stock a buy rating in a research note on Thursday, August 9th. Finally, TheStreet raised shares of Northstar Realty Europe from a d rating to a c rating in a research note on Friday, October 19th.

Shares of NYSE:NRE traded up $0.20 during trading on Wednesday, reaching $16.50. The company had a trading volume of 479,148 shares, compared to its average volume of 287,374. Northstar Realty Europe has a twelve month low of $10.08 and a twelve month high of $16.56. The company has a quick ratio of 0.06, a current ratio of 0.07 and a debt-to-equity ratio of 0.01.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The company had revenue of $28.99 million during the quarter, compared to analyst estimates of $30.63 million. Northstar Realty Europe had a return on equity of 8.37% and a net margin of 29.13%. On average, analysts expect that Northstar Realty Europe will post 0.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.64%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gruss & Co. Inc. bought a new stake in shares of Northstar Realty Europe in the 3rd quarter worth approximately $2,209,000. JPMorgan Chase & Co. raised its holdings in shares of Northstar Realty Europe by 159.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 55,593 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 34,144 shares in the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Northstar Realty Europe by 30.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 118,220 shares of the financial services provider’s stock worth $1,674,000 after purchasing an additional 27,385 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Northstar Realty Europe in the 3rd quarter worth approximately $202,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Northstar Realty Europe by 82.7% in the 2nd quarter. WINTON GROUP Ltd now owns 30,265 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 13,702 shares in the last quarter. Institutional investors and hedge funds own 68.06% of the company’s stock.

Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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