Traders Purchase Large Volume of Put Options on Northstar Realty Finance Corp. (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the recipient of unusually large options trading activity on Tuesday. Traders bought 12,906 put options on the stock, AnalystRatings.NET reports. This is an increase of 642% compared to the average volume of 1,739 put options.
In other Northstar Realty Finance Corp. news, CEO David T. Hamamoto unloaded 639,182 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $14.14, for a total transaction of $9,038,033.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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, January 7th. 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.03.
Shares of Northstar Realty Finance Corp. (NYSE:NRF) opened at 14.19 on Wednesday. Northstar Realty Finance Corp. has a 1-year low of $7.52 and a 1-year high of $14.27. The stock’s 50-day moving average is $12.21 and its 200-day moving average is $10.05. The company’s market cap is $3.402 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last released its earnings data on Friday, November 1st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.28 earnings per share. Analysts expect that Northstar Realty Finance Corp. will post $1.16 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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