Northstar Realty Finance Corp. Hits New 52-Week High at $14.29 (NRF)
Northstar Realty Finance Corp. (NYSE:NRF)’s share price reached a new 52-week high on Tuesday, AnalystRatings.NET reports. The company traded as high as $14.29 and last traded at $14.27, with a volume of 8,746,959 shares traded. The stock had previously closed at $14.00.
A number of analysts have recently weighed in on NRF shares. Analysts at Zacks upgraded shares of Northstar Realty Finance Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $15.20 price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $13.74.
In other Northstar Realty Finance Corp. news, CEO David Hamamoto sold 639,182 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was 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.
Northstar Realty Finance Corp. has a one year low of $7.52 and a one year high of $14.27. The stock has a 50-day moving average of $12.50 and a 200-day moving average of $10.14. The company’s market cap is $3.424 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last released its 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. On average, analysts predict that Northstar Realty Finance Corp. will post $1.16 earnings per share 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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