Northstar Realty Finance Corp. Sees Unusually High Options Volume (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) was the target of some unusual options trading activity on Wednesday. Traders acquired 4,070 call options on the company, Stock Ratings News reports. This represents an increase of approximately 1,080% compared to the average volume of 345 call options.
NRF has been the subject of a number of recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Northstar Realty Finance Corp. from $19.00 to $20.00 in a research note on Monday. They now have a “top pick” rating on the stock. Separately, analysts at MLV & Co
reiterated a “buy” rating on shares of Northstar Realty Finance Corp. in a research note on Thursday, August 7th. They now have a $22.25 price target on the stock, down previously from $24.00. Finally, 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Northstar Realty Finance Corp. has an average rating of “Buy” and a consensus target price of $20.65.
Northstar Realty Finance Corp. (NYSE:NRF) traded up 1.67% during mid-day trading on Wednesday, hitting $18.29. 5,587,542 shares of the company’s stock traded hands. Northstar Realty Finance Corp. has a one year low of $8.3358 and a one year high of $18.45. The stock’s 50-day moving average is $16.9 and its 200-day moving average is $15.76. The company’s market cap is $3.449 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last announced its earnings results on Thursday, August 7th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.06. During the same quarter last 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 announced a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.12%. 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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