Northstar Realty Europe (NRE) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Northstar Realty Europe (NYSE:NRE) from a buy rating to a hold rating in a research report released on Friday morning.

NRE has been the subject of several other reports. BidaskClub downgraded Northstar Realty Europe from a buy rating to a hold rating in a research note on Friday, August 4th. B. Riley reissued a buy rating and issued a $17.00 price objective on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. 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. Finally, FBR & Co started coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They set a buy rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $16.83.

Shares of Northstar Realty Europe (NYSE:NRE) remained flat at $$14.50 during trading on Friday. The stock had a trading volume of 204,800 shares, compared to its average volume of 296,675. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.05 and a quick ratio of 0.05. Northstar Realty Europe has a twelve month low of $10.76 and a twelve month high of $14.70.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Friday, November 17th. Northstar Realty Europe’s dividend payout ratio (DPR) is presently -171.42%.

In other news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $14.54 per share, with a total value of $1,448,591.12. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of NRE. Citigroup Inc. increased its holdings in shares of Northstar Realty Europe by 31.8% during 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 last quarter. Institutional & Family Asset Management LLC acquired a new position in shares of Northstar Realty Europe during the 3rd quarter valued at about $145,000. Numeric Investors LLC acquired a new position in shares of Northstar Realty Europe during the 2nd quarter valued at about $146,000. Sei Investments Co. increased its holdings in shares of Northstar Realty Europe by 135.9% during 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 last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of Northstar Realty Europe during the 2nd quarter valued at about $215,000. 70.80% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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