Northstar Realty Finance Corp. Short Interest Down 50.8% in July (NRF)
Northstar Realty Finance Corp. (NYSE:NRF) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 7,087,060 shares, a decline of 50.8% from the July 15th total of 14,413,130 shares, AmericanBankingNews.com reports. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 3,159,467 shares, the short-interest ratio is presently 2.2 days.
Several analysts have recently commented on the stock. 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, August 11th. 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 assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.65.
Northstar Realty Finance Corp. (NYSE:NRF) opened at 18.05 on Monday. Northstar Realty Finance Corp. has a 1-year low of $8.3358 and a 1-year high of $18.45. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $15.8. The company’s market cap is $3.571 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last released its earnings data on Thursday, August 7th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.06. During the same quarter in the prior year, the company posted $0.30 earnings per share. Analysts expect that Northstar Realty Finance Corp. will post $1.32 EPS 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 11.08%. 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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