Zacks Investment Research upgraded shares of Northstar Realty Europe (NYSE:NRE) from a sell rating to a hold rating in a research report released on Saturday morning.
According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “
Other equities research analysts also recently issued reports about the stock. B. Riley reissued a buy rating on shares of Northstar Realty Europe in a research report on Friday, March 9th. ValuEngine raised shares of Northstar Realty Europe from a hold rating to a buy rating in a research report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $16.38.
Shares of NYSE:NRE opened at $14.51 on Friday. Northstar Realty Europe has a 52 week low of $10.08 and a 52 week high of $14.81. 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 (NYSE:NRE) last announced its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Northstar Realty Europe had a negative net margin of 12.85% and a positive return on equity of 8.12%. The firm had revenue of $33.57 million during the quarter, compared to analysts’ expectations of $32.86 million. equities analysts anticipate that Northstar Realty Europe will post 0.91 earnings per share for the current fiscal year.
Northstar Realty Europe declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 13th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
Institutional investors have recently modified their holdings of the company. Ellington Management Group LLC acquired a new position in shares of Northstar Realty Europe in the 4th quarter valued at $148,000. QS Investors LLC acquired a new position in shares of Northstar Realty Europe in the 4th quarter valued at $150,000. TCW Group Inc. acquired a new position in shares of Northstar Realty Europe in the 1st quarter valued at $209,000. WINTON GROUP Ltd acquired a new position in shares of Northstar Realty Europe in the 1st quarter valued at $216,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Northstar Realty Europe in the 4th quarter valued at $241,000. Institutional investors and hedge funds own 73.55% 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 NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.
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