Northstar Realty Finance Corp. Price Target Raised to $19.00 at Keefe, Bruyette & Woods (NRF)
Keefe, Bruyette & Woods raised their price target on shares of Northstar Realty Finance Corp. (NYSE:NRF) from $18.00 to $19.00 in a research note issued on Wednesday, Stock Ratings Network reports. Keefe, Bruyette & Woods’ price target points to a potential upside of 21.17% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Northstar Realty Finance Corp. from $18.00 to $19.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.04.
Shares of Northstar Realty Finance Corp. (NYSE:NRF) traded down 0.13% on Wednesday, hitting $15.66. 2,836,746 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a one year low of $8.14 and a one year high of $17.93. The stock has a 50-day moving average of $15.6 and a 200-day moving average of $13.68. The company’s market cap is $5.027 billion. Northstar Realty Finance Corp. also was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 19,262,890 shares, a drop of 13.1% from the March 31st total of 22,160,303 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average trading volume of 6,470,106 shares, the days-to-cover ratio is presently 3.0 days.
Northstar Realty Finance Corp. (NYSE:NRF) last released its earnings data on Friday, May 9th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.01. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that Northstar Realty Finance Corp. will post $1.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Investors 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 6.38%. The ex-dividend date is Thursday, May 15th.
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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