Northstar Realty Europe (NYSE:NRE) Downgraded by ValuEngine

Northstar Realty Europe (NYSE:NRE) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, December 1st.

NRE has been the subject of several other research reports. JMP Securities started coverage on Northstar Realty Europe in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 price objective for the company. FBR & Co started coverage on Northstar Realty Europe in a report on Tuesday, October 31st. They set a “buy” rating and a $17.00 target price for the company. BidaskClub downgraded Northstar Realty Europe from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, B. Riley restated a “buy” rating and set a $17.00 target price on shares of Northstar Realty Europe in a report on Wednesday, November 1st. One investment 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. The company currently has a consensus rating of “Hold” and a consensus price target of $16.83.

Northstar Realty Europe (NYSE:NRE) traded down $0.08 during trading hours on Friday, reaching $14.03. The company had a trading volume of 98,500 shares, compared to its average volume of 292,792. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a one year low of $11.15 and a one year high of $14.70.

In related news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $14.54 per share, with a total value of $1,448,591.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NRE. Citigroup Inc. lifted its holdings in Northstar Realty Europe by 31.8% in the second 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 period. Institutional & Family Asset Management LLC bought a new position in Northstar Realty Europe in the third quarter valued at about $145,000. Numeric Investors LLC bought a new position in Northstar Realty Europe in the second quarter valued at about $146,000. Sei Investments Co. lifted its holdings in Northstar Realty Europe by 135.9% in the third 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 period. Finally, Balyasny Asset Management LLC bought a new position in Northstar Realty Europe in the second quarter valued at about $215,000. 70.80% of the stock is currently 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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