Northstar Realty Finance Corp. (NRF) Scheduled to Post Earnings on Friday
Northstar Realty Finance Corp. (NYSE:NRF) will be releasing its Q114 earnings data on Friday, May 9th. Analysts expect Northstar Realty Finance Corp. to post earnings of $0.29 per share and revenue of $127.45 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Northstar Realty Finance Corp. (NYSE:NRF) last announced its earnings results on Thursday, February 27th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.01. During the same quarter last year, the company posted $0.73 earnings per share. On average, analysts expect Northstar Realty Finance Corp. to post $1.22 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.
Northstar Realty Finance Corp. (NYSE:NRF) opened at 15.86 on Thursday. Northstar Realty Finance Corp. has a 52-week low of $8.14 and a 52-week high of $17.93. The stock has a 50-day moving average of $15.7 and a 200-day moving average of $13.47. The company’s market cap is $5.179 billion. Northstar Realty Finance Corp. also was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 19,262,890 shares, a decline of 13.1% from the March 31st total of 22,160,303 shares. Based on an average trading volume of 6,470,106 shares, the short-interest ratio is currently 3.0 days. Currently, 5.9% of the shares of the company are short sold.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Thursday, May 15th.
A number of analysts have recently weighed in on NRF shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note on Wednesday, April 30th. They now have a $17.25 price target on the stock, down previously from $17.50. On a related note, analysts at UBS AG reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note on Wednesday, April 23rd. They now have a $21.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Northstar Realty Finance Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, March 7th. They now have a $17.50 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 company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.75.
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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