Northstar Realty Finance Corp. Reaches New 12-Month High at $18.49 (NRF)
Shares of Northstar Realty Finance Corp. (NYSE:NRF) reached a new 52-week high during trading on Tuesday , Stock Ratings News reports. The stock traded as high as $18.49 and last traded at $18.14, with a volume of 1,697,868 shares changing hands. The stock had previously closed at $18.27.
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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.65.
The stock’s 50-day moving average is $17.06 and its 200-day moving average is $15.87. The company’s market cap is $3.583 billion. Northstar Realty Finance Corp. also was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 7,087,060 shares, a drop of 50.8% from the July 15th total of 14,413,130 shares. Based on an average daily volume of 3,159,467 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.8% of the shares of the company are short sold.
Northstar Realty Finance Corp. (NYSE:NRF) last released its earnings data 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 $1.32 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 10.95%. 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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