ValuEngine Lowers Northstar Realty Europe (NRE) to Hold

Northstar Realty Europe (NYSE:NRE) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other research firms also recently weighed in on NRE. BidaskClub downgraded shares of Northstar Realty Europe from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. FBR & Co initiated coverage on shares of Northstar Realty Europe in a research note on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price target on the stock. JMP Securities initiated coverage on shares of Northstar Realty Europe in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 price target on the stock. Finally, B. Riley reissued a “buy” rating and issued a $17.00 price target on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Northstar Realty Europe currently has a consensus rating of “Hold” and a consensus price target of $16.83.

Northstar Realty Europe (NYSE NRE) traded down $0.01 during trading hours on Friday, hitting $14.50. 293,815 shares of the stock traded hands, compared to its average volume of 231,404. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a 12-month low of $10.66 and a 12-month high of $14.70.

In other news, major shareholder Colony Northstar, Inc. bought 99,628 shares of Northstar Realty Europe stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $14.54 per share, with a total value of $1,448,591.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its stake in Northstar Realty Europe by 31.8% during the second quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,081 shares during the period. Institutional & Family Asset Management LLC purchased a new position in Northstar Realty Europe during the third quarter worth about $145,000. Numeric Investors LLC purchased a new position in Northstar Realty Europe during the second quarter worth about $146,000. Sei Investments Co. increased its position in shares of Northstar Realty Europe by 135.9% during the third quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 8,731 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Northstar Realty Europe during the second quarter valued at about $215,000. 70.71% of the stock is currently owned by institutional investors.

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Northstar Realty Europe 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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