Northstar Realty Europe (NRE) Lifted to “Buy” at ValuEngine

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

Several other research firms have also commented on NRE. B. Riley set a $18.00 price target on shares of Northstar Realty Europe and gave the company a buy rating in a report on Thursday, August 9th. Zacks Investment Research raised shares of Northstar Realty Europe from a sell rating to a hold rating in a report on Tuesday, July 17th. Finally, TheStreet raised shares of Northstar Realty Europe from a d rating to a c rating in a report on Friday, October 19th.

Shares of NRE traded up $0.20 during midday trading on Wednesday, hitting $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 52 week low of $10.08 and a 52 week high of $16.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.07 and a quick ratio of 0.06.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of NRE. Centaurus Financial Inc. acquired a new position in shares of Northstar Realty Europe in the 2nd quarter valued at about $119,000. Tower Research Capital LLC TRC boosted its holdings in shares of Northstar Realty Europe by 305.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,277 shares of the financial services provider’s stock valued at $120,000 after buying an additional 6,234 shares during the period. Aperio Group LLC acquired a new position in Northstar Realty Europe during the 2nd quarter valued at about $174,000. State of Alaska Department of Revenue acquired a new position in Northstar Realty Europe during the 3rd quarter valued at about $202,000. Finally, WINTON GROUP Ltd acquired a new position in Northstar Realty Europe during the 1st quarter valued at about $216,000. 68.06% of the stock is owned by institutional investors and hedge funds.

About Northstar Realty Europe

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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