NorthStar Realty Finance Corp. (NRF) Trading Down 2.5%
NorthStar Realty Finance Corp. (NYSE:NRF)’s share price traded down 2.5% on Tuesday . The company traded as low as $12.51 and last traded at $12.54, with a volume of 1,734,819 shares. The stock had previously closed at $12.86.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded NorthStar Realty Finance Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 13th. TheStreet cut NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, FBR & Co cut NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $18.00 to $12.75 in a research note on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.25.
The stock has a 50 day moving average price of $13.24 and a 200 day moving average price of $12.88.
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NorthStar Realty Finance Corp. (NYSE:NRF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.56 earnings per share (EPS) for the quarter. NorthStar Realty Finance Corp. had a positive return on equity of 14.82% and a negative net margin of 20.52%. On average, analysts forecast that NorthStar Realty Finance Corp. will post $1.34 earnings per share for the current year.
Several institutional investors have recently modified their holdings of NRF. Phoenix Investment Adviser LLC acquired a new stake in shares of NorthStar Realty Finance Corp. during the second quarter worth $28,835,000. FMR LLC increased its stake in shares of NorthStar Realty Finance Corp. by 26.6% in the second quarter. FMR LLC now owns 9,827,611 shares of the company’s stock worth $112,329,000 after buying an additional 2,067,400 shares during the last quarter. Bloom Tree Partners LLC acquired a new stake in shares of NorthStar Realty Finance Corp. during the second quarter worth $21,873,000. CNH Partners LLC acquired a new stake in shares of NorthStar Realty Finance Corp. during the second quarter worth $14,868,000. Finally, Brown Advisory Inc. increased its stake in shares of NorthStar Realty Finance Corp. by 57.8% in the second quarter. Brown Advisory Inc. now owns 2,904,107 shares of the company’s stock worth $33,194,000 after buying an additional 1,063,421 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.
About NorthStar Realty Finance Corp.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio consists of healthcare, hotel, manufactured housing communities, net lease and multifamily properties. The Company also invests in other opportunistic real estate investments, such as indirect interests in real estate through its investments in private equity funds (PE Investments).
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