Brokerages Expect NorthStar Realty Europe Corp. (NRE) to Announce $0.15 EPS

Shares of NorthStar Realty Europe Corp. (NYSE:NRE) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $16.75 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned NorthStar Realty Europe Corp. an industry rank of 169 out of 265 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of NorthStar Realty Europe Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of NorthStar Realty Europe Corp. in a research note on Wednesday, November 1st. FBR & Co assumed coverage on shares of NorthStar Realty Europe Corp. in a research note on Tuesday, October 31st. They set a “buy” rating and a $17.00 price target on the stock. Finally, JMP Securities assumed coverage on shares of NorthStar Realty Europe Corp. in a research note on Wednesday, October 4th. They set an “outperform” rating and a $16.50 price target on the stock.

NorthStar Realty Europe Corp. (NRE) traded up $0.01 during trading hours on Friday, reaching $14.02. 279,500 shares of the company’s stock were exchanged, compared to its average volume of 192,840. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.04. NorthStar Realty Europe Corp. has a 12 month low of $10.04 and a 12 month high of $14.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, November 17th. NorthStar Realty Europe Corp.’s dividend payout ratio is presently -171.42%.

Several hedge funds have recently modified their holdings of NRE. Citigroup Inc. raised its stake in shares of NorthStar Realty Europe Corp. by 31.8% in the 2nd quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 2,081 shares during the period. Numeric Investors LLC purchased a new position in shares of NorthStar Realty Europe Corp. in the 2nd quarter valued at $146,000. Sei Investments Co. raised its stake in shares of NorthStar Realty Europe Corp. by 135.9% in the 3rd 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 period. Balyasny Asset Management LLC purchased a new position in shares of NorthStar Realty Europe Corp. in the 2nd quarter valued at $215,000. Finally, Menta Capital LLC purchased a new position in shares of NorthStar Realty Europe Corp. in the 2nd quarter valued at $231,000. 71.07% of the stock is currently owned by institutional investors and hedge funds.

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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.

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