Northstar Realty Europe Corp (NRE) Stake Decreased by CapWealth Advisors LLC

CapWealth Advisors LLC decreased its holdings in Northstar Realty Europe Corp (NYSE:NRE) by 21.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,232 shares of the financial services provider’s stock after selling 10,024 shares during the period. CapWealth Advisors LLC owned 0.07% of Northstar Realty Europe worth $464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NRE. Senvest Management LLC boosted its stake in shares of Northstar Realty Europe by 41.3% in the second quarter. Senvest Management LLC now owns 4,402,909 shares of the financial services provider’s stock worth $55,829,000 after acquiring an additional 1,287,805 shares during the period. Hilton Capital Management LLC bought a new position in shares of Northstar Realty Europe in the second quarter worth about $15,029,000. Phocas Financial Corp. bought a new position in shares of Northstar Realty Europe in the second quarter worth about $5,362,000. FMR LLC boosted its stake in shares of Northstar Realty Europe by 240.5% in the second quarter. FMR LLC now owns 504,453 shares of the financial services provider’s stock worth $6,397,000 after acquiring an additional 356,307 shares during the period. Finally, Ranger Global Real Estate Advisors LLC boosted its stake in shares of Northstar Realty Europe by 50.2% in the third quarter. Ranger Global Real Estate Advisors LLC now owns 886,126 shares of the financial services provider’s stock worth $11,351,000 after acquiring an additional 296,101 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

Northstar Realty Europe Corp (NYSE NRE) traded down $0.01 during trading hours on Monday, hitting $14.50. The company had a trading volume of 293,800 shares, compared to its average volume of 297,071. 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 Corp has a 12 month low of $10.66 and a 12 month high of $14.70.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. Northstar Realty Europe’s dividend payout ratio is currently -171.42%.

A number of equities analysts have recently weighed in on NRE shares. B. Riley reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. FBR & Co started coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price objective for the company. JMP Securities started coverage on Northstar Realty Europe in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 price objective for the company. BidaskClub lowered Northstar Realty Europe from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine lowered Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.83.

In other news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of $14.54 per share, for a total transaction of $1,448,591.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

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