Northstar Realty Finance Corp. Sees Large Growth in Short Interest (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 14,413,130 shares, a growth of Infinity from the June 30th total of 0 shares, StockRatingsNetwork reports. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,197,226 shares, the days-to-cover ratio is currently 2.0 days.
NRF has been the subject of a number of recent research reports. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Northstar Realty Finance Corp. in a research note on Friday, July 25th. They now have a $21.00 price target on the stock, up previously from $15.00. Separately, analysts at Zacks downgraded shares of Northstar Realty Finance Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday, July 7th. They now have a $16.10 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Northstar Realty Finance Corp. presently has an average rating of “Buy” and a consensus price target of $19.35.
Shares of Northstar Realty Finance Corp. (NYSE:NRF) opened at 16.55 on Thursday. Northstar Realty Finance Corp. has a 1-year low of $8.3358 and a 1-year high of $17.6043. The stock’s 50-day moving average is $16.65 and its 200-day moving average is $15.54. The company’s market cap is $2.753 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 $1.81 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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