Northstar Realty Europe Corp (NRE) Given Average Rating of “Buy” by Analysts
Northstar Realty Europe Corp (NYSE:NRE) has been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.38.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Northstar Realty Europe from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday. ValuEngine downgraded shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley reiterated a “buy” rating and issued a $17.00 price target on shares of Northstar Realty Europe in a report on Wednesday, November 1st. FBR & Co assumed coverage on shares of Northstar Realty Europe in a report on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price target on the stock. Finally, JMP Securities assumed coverage on shares of Northstar Realty Europe in a report on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 price target on the stock.
In related news, major shareholder Colony Northstar, Inc. acquired 99,628 shares of the stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
Northstar Realty Europe (NYSE:NRE) traded down $0.09 on Wednesday, hitting $13.34. 220,600 shares of the stock traded hands, compared to its average volume of 195,850. Northstar Realty Europe has a 12-month low of $11.15 and a 12-month high of $14.70. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $727.91 and a P/E ratio of -39.24.
About Northstar Realty Europe
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.
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