Northstar Realty Finance Corp. Short Interest Up 15.9% in April (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 22,334,333 shares, a growth of 15.9% from the April 15th total of 19,262,890 shares, American Banking News reports. Currently, 6.9% of the shares of the company are short sold. Based on an average daily trading volume, of 12,473,921 shares, the days-to-cover ratio is presently 1.8 days.
NRF has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Northstar Realty Finance Corp. from $18.00 to $19.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Separately, 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, May 12th. They now have an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.38.
Northstar Realty Finance Corp. (NYSE:NRF) opened at 15.60 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 $15.60 and a 200-day moving average of $13.92. The company’s market cap is $5.189 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last released its earnings data on Friday, May 9th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.01. During the same quarter in the prior year, the company posted $0.18 earnings per share. Analysts expect that Northstar Realty Finance Corp. will post $0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend 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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