Investors Purchase High Volume of Northstar Realty Finance Corp. Call Options (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the target of some unusual options trading on Friday. Stock traders purchased 17,816 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 169% compared to the average volume of 6,619 call options.
A number of research firms have recently commented on NRF. Analysts at JMP Securities raised their price target on shares of Northstar Realty Finance Corp. to $15.00 in a research note to investors on Monday. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Northstar Realty Finance Corp. from $11.50 to $14.00 in a research note to investors on Wednesday, December 18th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note to investors on Wednesday, December 11th. They now have a $12.50 price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Northstar Realty Finance Corp. has an average rating of “Buy” and a consensus price target of $12.53.
Northstar Realty Finance Corp. (NYSE:NRF) traded up 1.24% on Friday, hitting $13.89. 12,359,289 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a one year low of $7.32 and a one year high of $13.84. The stock’s 50-day moving average is $11.17 and its 200-day moving average is $9.74. The company’s market cap is $3.330 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.15. The company had revenue of $148.15 million for the quarter, compared to the consensus estimate of $179.99 million. During the same quarter in the previous year, the company posted $0.28 earnings per share.
NorthStar Realty Finance Corp. is an internally managed real estate finance company. It originates, acquires and manages portfolios of commercial real estate debt, commercial real estate securities and net lease properties.
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