Northstar Realty Finance Corp. PT Raised to $20.00 at FBR Capital Markets (NRF)
Stock analysts at FBR Capital Markets hoisted their price objective on shares of Northstar Realty Finance Corp. (NYSE:NRF) from $19.00 to $20.00 in a report issued on Monday. The firm currently has a “top pick” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 10.62% from the company’s current price.
NRF has been the subject of a number of other recent research reports. Analysts at MLV & Co
reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note on Thursday. They now have a $22.25 price target on the stock, down previously from $24.00. Separately, 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. 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. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $20.65.
Northstar Realty Finance Corp. (NYSE:NRF) traded up 0.28% during mid-day trading on Monday, hitting $18.13. 4,438,188 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a 1-year low of $8.3358 and a 1-year high of $18.43. The stock has a 50-day moving average of $16.80 and a 200-day moving average of $15.68. The company’s market cap is $3.419 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.06. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Northstar Realty Finance Corp. will post $1.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 11.06%. The ex-dividend date is Thursday, August 14th.
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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