Northstar Realty Finance Corp. Reaches New 12-Month High Following Analyst Upgrade (NRF)
Northstar Realty Finance Corp. (NYSE:NRF)’s share price hit a new 52-week high during trading on Tuesday after FBR Capital Markets raised their price target on the stock from $20.00 to $21.00, American Banking News reports. FBR Capital Markets currently has an outperform rating on the stock. Northstar Realty Finance Corp. traded as high as $18.85 and last traded at $18.79, with a volume of 1,312,249 shares traded. The stock had previously closed at $18.51.
Several other analysts have also recently commented on the stock. Analysts at MLV & Co
raised their price target on shares of Northstar Realty Finance Corp. from $22.25 to $24.50 in a research note on Thursday, August 21st. 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, The company currently has a consensus rating of “Buy” and a consensus price target of $21.30.
The stock’s 50-day moving average is $17.47 and its 200-day moving average is $16.13. The company’s market cap is $3.726 billion.
Northstar Realty Finance Corp. (NYSE:NRF) last issued its quarterly 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. On average, analysts predict that Northstar Realty Finance Corp. will post $1.22 earnings per share 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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