Northstar Realty Europe (NRE) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Northstar Realty Europe (NYSE:NRE) from a buy rating to a hold rating in a research note released on Thursday.

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. “

A number of other equities research analysts have also recently weighed in on the company. B. Riley reiterated a buy rating and issued a $17.00 price objective on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. FBR & Co initiated coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They issued a buy rating and a $17.00 price objective for the company. JMP Securities initiated coverage on Northstar Realty Europe in a research note on Wednesday, October 4th. They issued an outperform rating and a $16.50 price objective for the company. Finally, ValuEngine cut Northstar Realty Europe from a buy rating to a hold rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Northstar Realty Europe has an average rating of Hold and an average target price of $16.38.

Shares of Northstar Realty Europe (NYSE:NRE) traded down $0.06 during midday trading on Thursday, reaching $12.68. The company’s stock had a trading volume of 120,700 shares, compared to its average volume of 130,578. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. Northstar Realty Europe has a one year low of $11.15 and a one year high of $14.70. The stock has a market capitalization of $702.43 and a PE ratio of -37.29.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.11. Northstar Realty Europe had a positive return on equity of 7.68% and a negative net margin of 14.48%. equities analysts predict that Northstar Realty Europe will post 0.15 EPS for the current year.

In other news, major shareholder Colony Northstar, Inc. acquired 99,628 shares of Northstar Realty Europe stock in a transaction on Friday, December 1st. The stock was bought at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of Northstar Realty Europe by 31.8% during the second quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,081 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new stake in shares of Northstar Realty Europe during the third quarter worth approximately $145,000. Numeric Investors LLC purchased a new stake in shares of Northstar Realty Europe during the second quarter worth approximately $146,000. Sei Investments Co. raised its stake in shares of Northstar Realty Europe by 135.9% during the third quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 8,731 shares during the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Northstar Realty Europe during the second quarter worth approximately $215,000. Institutional investors and hedge funds own 70.75% 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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