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Stock analysts at MLV & Co
upped their price target on shares of Northstar Realty Finance Corp. (NYSE:NRF) from $19.00 to $20.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. MLV & Co
‘s price target indicates a potential upside of 26.82% from the stock’s previous close.

Shares of Northstar Realty Finance Corp. (NYSE:NRF) traded up 2.73% during mid-day trading on Tuesday, hitting $16.20. 5,960,071 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a 52 week low of $8.14 and a 52 week high of $17.93. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $13.97. The company’s market cap is $5.389 billion.

Northstar Realty Finance Corp. (NYSE:NRF) last posted its quarterly earnings results 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. On average, analysts predict that Northstar Realty Finance Corp. will post $0.74 earnings per share for the current fiscal year.

A number of other firms have also recently commented on NRF. 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $16.89.

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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