Northstar Realty Finance Corp. Short Interest Up 19.6% in June (NRF)
Shares of Northstar Realty Finance Corp. (NYSE:NRF) were the recipient of a significant growth in short interest in the month of June. As of June 13th, there was short interest totalling 25,801,890 shares, a growth of 19.6% from the May 30th total of 21,564,704 shares, AnalystRatingsNetwork.com reports. Approximately 7.1% of the shares of the company are short sold. Based on an average daily volume of 4,755,440 shares, the days-to-cover ratio is presently 5.4 days.
A number of research firms have recently commented on NRF. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note on Tuesday, July 1st. They now have a $21.00 price target on the stock, up previously from $20.00. Separately, analysts at MLV & Co
raised their price target on shares of Northstar Realty Finance Corp. from $19.00 to $20.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Northstar Realty Finance Corp. has a consensus rating of “Buy” and a consensus price target of $18.58.
Shares of Northstar Realty Finance Corp. (NYSE:NRF) opened at 16.92 on Monday. Northstar Realty Finance Corp. has a 52-week low of $8.3358 and a 52-week high of $17.6043. The stock’s 50-day moving average is $16.24 and its 200-day moving average is $15.09.
Northstar Realty Finance Corp. (NYSE:NRF) last issued its quarterly 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 $1.10 EPS 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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