Northstar Realty Europe (NRE) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Northstar Realty Europe (NYSE:NRE) posted its earnings results on Tuesday. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03), Morningstar.com reports. The business had revenue of $28.99 million during the quarter, compared to analysts’ expectations of $30.63 million. Northstar Realty Europe had a net margin of 29.13% and a return on equity of 8.13%.

NYSE:NRE traded down $0.05 during trading hours on Thursday, hitting $16.25. The company’s stock had a trading volume of 13,309 shares, compared to its average volume of 238,379. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.06 and a quick ratio of 0.06. Northstar Realty Europe has a 52-week low of $10.08 and a 52-week high of $16.49.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, November 9th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Northstar Realty Europe in the second quarter valued at $376,000. Standard Life Aberdeen plc acquired a new position in Northstar Realty Europe in the second quarter valued at $4,082,000. Dimensional Fund Advisors LP boosted its stake in Northstar Realty Europe by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 793,103 shares of the financial services provider’s stock valued at $11,492,000 after acquiring an additional 16,455 shares in the last quarter. Paloma Partners Management Co acquired a new position in Northstar Realty Europe in the second quarter valued at $1,266,000. Finally, Apollo Management Holdings L.P. boosted its stake in Northstar Realty Europe by 296.5% in the second quarter. Apollo Management Holdings L.P. now owns 1,335,686 shares of the financial services provider’s stock valued at $19,354,000 after acquiring an additional 998,786 shares in the last quarter. Institutional investors own 68.06% of the company’s stock.

Several equities analysts recently commented on NRE shares. Zacks Investment Research raised Northstar Realty Europe from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. B. Riley set a $18.00 target price on Northstar Realty Europe and gave the company a “buy” rating in a report on Thursday, August 9th. ValuEngine lowered Northstar Realty Europe from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, TheStreet raised Northstar Realty Europe from a “d” rating to a “c” rating in a report on Friday, October 19th.

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

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Earnings History for Northstar Realty Europe (NYSE:NRE)

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