Northstar Realty Europe (NRE) Lifted to “B” at TheStreet

Northstar Realty Europe (NYSE:NRE) was upgraded by TheStreet from a “c” rating to a “b” rating in a research note issued to investors on Friday, March 29th, TheStreetRatingsTable reports.

Separately, Zacks Investment Research upgraded Northstar Realty Europe from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Northstar Realty Europe currently has a consensus rating of “Buy” and a consensus price target of $17.00.

NRE stock traded up $0.12 during trading on Friday, hitting $17.57. The company had a trading volume of 161,300 shares, compared to its average volume of 447,754. Northstar Realty Europe has a one year low of $12.50 and a one year high of $18.44. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.01.

Northstar Realty Europe (NYSE:NRE) last announced its earnings results on Wednesday, March 13th. The financial services provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Northstar Realty Europe had a net margin of 168.54% and a return on equity of 7.84%. The company had revenue of $28.40 million during the quarter, compared to the consensus estimate of $28.93 million. As a group, equities analysts anticipate that Northstar Realty Europe will post 0.5 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co lifted its holdings in shares of Northstar Realty Europe by 19.9% in the 4th quarter. Paloma Partners Management Co now owns 26,020 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 4,320 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Northstar Realty Europe by 265.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the financial services provider’s stock valued at $212,000 after buying an additional 10,600 shares during the last quarter. Ibex Investors LLC purchased a new stake in Northstar Realty Europe in the 4th quarter valued at $207,000. Amundi Pioneer Asset Management Inc. raised its position in Northstar Realty Europe by 108.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 40,654 shares of the financial services provider’s stock valued at $591,000 after buying an additional 21,154 shares during the last quarter. Finally, LPL Financial LLC raised its position in Northstar Realty Europe by 20.6% in the 3rd quarter. LPL Financial LLC now owns 21,682 shares of the financial services provider’s stock valued at $307,000 after buying an additional 3,711 shares during the last quarter. Institutional investors own 63.81% of the company’s stock.

Northstar Realty Europe Company Profile

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 Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.

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