Short Interest in Northstar Realty Europe Corp (NYSE:NRE) Rises By 14.1%

Northstar Realty Europe Corp (NYSE:NRE) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,342,900 shares, an increase of 14.1% from the May 30th total of 1,176,500 shares. Based on an average daily volume of 601,000 shares, the short-interest ratio is presently 2.2 days. Approximately 3.1% of the company’s stock are sold short.

A number of institutional investors have recently added to or reduced their stakes in NRE. California Public Employees Retirement System boosted its stake in Northstar Realty Europe by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 135,432 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 3,091 shares during the period. Bank of New York Mellon Corp boosted its stake in Northstar Realty Europe by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 422,205 shares of the financial services provider’s stock worth $6,138,000 after purchasing an additional 8,943 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Northstar Realty Europe by 27.8% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,131 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 7,210 shares during the period. Northern Trust Corp boosted its stake in Northstar Realty Europe by 1.2% in the 4th quarter. Northern Trust Corp now owns 586,972 shares of the financial services provider’s stock worth $8,535,000 after purchasing an additional 6,727 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Northstar Realty Europe by 3.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,216 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 1,465 shares during the period. Institutional investors and hedge funds own 64.92% of the company’s stock.

Shares of NYSE NRE traded down $0.01 during mid-day trading on Monday, reaching $17.00. 62,250 shares of the company’s stock traded hands, compared to its average volume of 1,373,980. The business has a 50-day moving average of $16.37. Northstar Realty Europe has a 1-year low of $12.50 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.68.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $19.17 million during the quarter, compared to analysts’ expectations of $18.85 million. Northstar Realty Europe had a net margin of 202.58% and a return on equity of 6.78%. As a group, equities research analysts anticipate that Northstar Realty Europe will post 0.55 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. B. Riley set a $17.00 price objective on shares of Northstar Realty Europe and gave the company a “hold” rating in a report on Friday, July 5th. JMP Securities cut shares of Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a report on Friday, July 5th. Finally, TheStreet cut shares of 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.

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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