Northstar Realty Europe (NRE) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a buy rating in a research note released on Wednesday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Northstar Realty Europe from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Tuesday, August 14th. B. Riley set a $18.00 target price on shares of Northstar Realty Europe and gave the company a buy rating in a research report on Thursday, August 9th. Finally, TheStreet upgraded shares of Northstar Realty Europe from a d rating to a c rating in a research report on Friday, October 19th.

NYSE NRE traded down $0.08 on Wednesday, hitting $16.22. 230,105 shares of the company were exchanged, compared to its average volume of 238,379. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a 1-year low of $10.08 and a 1-year high of $16.49.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). Northstar Realty Europe had a return on equity of 8.13% and a net margin of 29.13%. The company had revenue of $28.99 million for the quarter, compared to analyst estimates of $30.63 million. Research analysts expect that Northstar Realty Europe will post 0.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 dividend on an annualized basis and a yield of 3.70%.

A number of institutional investors have recently added to or reduced their stakes in NRE. JPMorgan Chase & Co. lifted its position in Northstar Realty Europe by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 126,095 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 18,875 shares during the period. Dimensional Fund Advisors LP lifted its position in Northstar Realty Europe by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 776,648 shares of the financial services provider’s stock valued at $10,112,000 after purchasing an additional 31,518 shares during the period. WINTON GROUP Ltd acquired a new position in Northstar Realty Europe during the 1st quarter valued at about $216,000. Bank of Montreal Can acquired a new position in Northstar Realty Europe during the 2nd quarter valued at about $558,000. Finally, Fox Run Management L.L.C. acquired a new position in Northstar Realty Europe during the 2nd quarter valued at about $304,000. Institutional investors own 68.06% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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