Zacks Investment Research upgraded shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a buy rating in a research report released on Tuesday. The firm currently has $15.00 target price on the financial services provider’s stock.

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 research analysts also recently issued reports about the stock. B. Riley set a $17.00 price objective on shares of Northstar Realty Europe and gave the company a buy rating in a research note on Monday, May 14th. ValuEngine cut shares of Northstar Realty Europe from a buy rating to a hold rating in a report on Monday, May 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $16.63.

NYSE NRE opened at $13.75 on Tuesday. Northstar Realty Europe has a 12 month low of $10.08 and a 12 month high of $14.81. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.01.

Northstar Realty Europe (NYSE:NRE) last posted its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Northstar Realty Europe had a net margin of 22.39% and a return on equity of 8.27%. The company had revenue of $31.01 million for the quarter, compared to the consensus estimate of $32.37 million. equities research analysts expect that Northstar Realty Europe will post 0.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, August 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.36%.

Several large investors have recently modified their holdings of the business. EJF Capital LLC raised its holdings in shares of Northstar Realty Europe by 14.3% during the first quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 5,000 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Northstar Realty Europe by 15.5% during the first quarter. Great West Life Assurance Co. Can now owns 37,649 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 5,045 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Northstar Realty Europe by 305.1% during the second quarter. Tower Research Capital LLC TRC now owns 8,277 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 6,234 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Northstar Realty Europe during the second quarter worth $119,000. Finally, Quantitative Systematic Strategies LLC raised its holdings in shares of Northstar Realty Europe by 47.6% during the second quarter. Quantitative Systematic Strategies LLC now owns 28,187 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 9,089 shares during the period. 73.97% of the stock is currently owned by institutional investors.

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 NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.

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