Northstar Realty Europe (NYSE:NRE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $15.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.78% from the stock’s current price.
According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “
Other research analysts have also recently issued research reports about the stock. B. Riley set a $17.00 target price on shares of Northstar Realty Europe and gave the company a “buy” rating in a report on Monday, May 14th. ValuEngine cut shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.63.
Northstar Realty Europe (NYSE:NRE) last issued its earnings results on Tuesday, August 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Northstar Realty Europe had a net margin of 22.39% and a return on equity of 8.27%. The company had revenue of $31.01 million during the quarter, compared to analyst estimates of $32.37 million. analysts anticipate that Northstar Realty Europe will post 0.96 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Northstar Realty Europe by 43.0% in the 2nd quarter. Renaissance Technologies LLC now owns 680,800 shares of the financial services provider’s stock valued at $9,865,000 after purchasing an additional 204,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Northstar Realty Europe by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,103 shares of the financial services provider’s stock valued at $11,492,000 after purchasing an additional 16,455 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in Northstar Realty Europe in the 2nd quarter valued at $1,316,000. Standard Life Aberdeen plc purchased a new stake in Northstar Realty Europe in the 2nd quarter valued at $4,082,000. Finally, Quantitative Systematic Strategies LLC raised its position in Northstar Realty Europe by 47.6% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 28,187 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 9,089 shares during the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.
About Northstar Realty Europe
NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.
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