Shares of Northstar Realty Europe Corp (NYSE:NRE) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.83.
Several research firms have commented on NRE. ValuEngine downgraded Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. FBR & Co initiated coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They set a “buy” rating and a $17.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded 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 Wednesday, January 3rd.
Shares of Northstar Realty Europe (NYSE NRE) opened at $10.33 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $579.45, a P/E ratio of -29.51 and a beta of 1.80. Northstar Realty Europe has a one year low of $10.29 and a one year high of $14.70.
In other Northstar Realty Europe news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the company’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in shares of Northstar Realty Europe by 31.8% in the 2nd quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 2,081 shares during the period. Ellington Management Group LLC acquired a new stake in shares of Northstar Realty Europe in the 4th quarter worth approximately $148,000. QS Investors LLC acquired a new stake in shares of Northstar Realty Europe in the 4th quarter worth approximately $150,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Northstar Realty Europe in the 3rd quarter worth approximately $145,000. Finally, Sei Investments Co. grew its holdings in shares of Northstar Realty Europe by 135.9% in the 3rd quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 8,731 shares during the period. Institutional investors own 69.01% of the company’s stock.
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Northstar Realty Europe Company Profile
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.
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