Los Angeles Capital Management & Equity Research Inc. boosted its position in Northstar Realty Europe Corp (NYSE:NRE) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,131 shares of the financial services provider’s stock after purchasing an additional 7,210 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of Northstar Realty Europe worth $482,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Whittier Trust Co. increased its stake in shares of Northstar Realty Europe by 6.4% in the fourth quarter. Whittier Trust Co. now owns 10,248 shares of the financial services provider’s stock valued at $149,000 after buying an additional 617 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Northstar Realty Europe during the 3rd quarter valued at about $160,000. Nisa Investment Advisors LLC boosted its position in shares of Northstar Realty Europe by 265.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 10,600 shares in the last quarter. LVW Advisors LLC bought a new stake in shares of Northstar Realty Europe during the 4th quarter valued at about $252,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Northstar Realty Europe during the 3rd quarter valued at about $292,000. 62.74% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Northstar Realty Europe from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Northstar Realty Europe currently has an average rating of “Buy” and an average price target of $17.00.
Shares of Northstar Realty Europe stock opened at $17.66 on Friday. Northstar Realty Europe Corp has a one year low of $12.34 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.07.
Northstar Realty Europe (NYSE:NRE) last announced its earnings results on Wednesday, March 13th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Northstar Realty Europe had a net margin of 29.13% and a return on equity of 8.37%. The business had revenue of $28.40 million for the quarter, compared to the consensus estimate of $28.93 million. On average, analysts forecast that Northstar Realty Europe Corp will post 0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 25th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, March 22nd. This represents a $0.60 annualized dividend and a dividend yield of 3.40%.
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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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