NorthStar Realty Europe Corp. (NYSE:NRE) – Equities research analysts at FBR & Co issued their Q3 2017 earnings per share (EPS) estimates for NorthStar Realty Europe Corp. in a research report issued to clients and investors on Tuesday. FBR & Co analyst D. Corak forecasts that the financial services provider will earn $0.12 per share for the quarter. FBR & Co currently has a “Buy” rating and a $17.00 target price on the stock. FBR & Co also issued estimates for NorthStar Realty Europe Corp.’s Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.81 EPS and FY2019 earnings at $0.84 EPS.

Several other research firms have also recently issued reports on NRE. BidaskClub cut NorthStar Realty Europe Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. JMP Securities began coverage on NorthStar Realty Europe Corp. in a report on Wednesday, October 4th. They set an “outperform” rating and a $16.50 price target for the company. Finally, B. Riley FBR, Inc. began coverage on NorthStar Realty Europe Corp. in a report on Wednesday. They set a “buy” rating and a $17.00 price target for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.83.

ILLEGAL ACTIVITY NOTICE: “NorthStar Realty Europe Corp. (NRE) Forecasted to Earn Q3 2017 Earnings of $0.12 Per Share” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/northstar-realty-europe-corp-nre-forecasted-to-earn-q3-2017-earnings-of-0-12-per-share.html. NorthStar Realty Europe Corp. (NYSE:NRE) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.21 earnings per share for the quarter. The company had revenue of $32.39 million during the quarter. NorthStar Realty Europe Corp. had a positive return on equity of 7.73% and a negative net margin of 18.57%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRE. Citigroup Inc. grew its holdings in NorthStar Realty Europe Corp. by 31.8% during the 2nd quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after buying an additional 2,081 shares in the last quarter. Numeric Investors LLC purchased a new position in NorthStar Realty Europe Corp. during the 2nd quarter valued at approximately $146,000. Balyasny Asset Management LLC purchased a new position in NorthStar Realty Europe Corp. during the 2nd quarter valued at approximately $215,000. Menta Capital LLC purchased a new position in NorthStar Realty Europe Corp. during the 2nd quarter valued at approximately $231,000. Finally, UBS Asset Management Americas Inc. grew its holdings in NorthStar Realty Europe Corp. by 16.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 19,777 shares of the financial services provider’s stock valued at $251,000 after buying an additional 2,747 shares in the last quarter. Institutional investors and hedge funds own 71.19% of the company’s stock.

NorthStar Realty Europe Corp. Company Profile

NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

Earnings History and Estimates for NorthStar Realty Europe Corp. (NYSE:NRE)

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