Stock Traders Purchase High Volume of Northstar Realty Finance Corp. Put Options (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 8,381 put options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 1,061% compared to the average volume of 722 put options.
A number of analysts have recently weighed in on NRF shares. Analysts at FBR Capital Markets raised their price target on shares of Northstar Realty Finance Corp. from $12.00 to $16.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, 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, December 30th. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $13.03.
Northstar Realty Finance Corp. (NYSE:NRF) traded up 1.24% on Tuesday, hitting $13.85. 23,881,772 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a 1-year low of $7.32 and a 1-year high of $13.99. The stock’s 50-day moving average is $11.41 and its 200-day moving average is $9.8. The company’s market cap is $3.320 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last announced its earnings results 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. Analysts expect that Northstar Realty Finance Corp. will post $1.11 EPS for the current fiscal year.
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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