Northstar Realty Europe Corp (NRE) Shares Bought by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Northstar Realty Europe Corp (NYSE:NRE) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,131 shares of the financial services provider’s stock after acquiring an additional 7,210 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Northstar Realty Europe were worth $482,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NRE. Bank of New York Mellon Corp raised its stake in Northstar Realty Europe by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 422,205 shares of the financial services provider’s stock valued at $6,138,000 after buying an additional 8,943 shares during the last quarter. California Public Employees Retirement System raised its stake in Northstar Realty Europe by 2.3% during the 4th quarter. California Public Employees Retirement System now owns 135,432 shares of the financial services provider’s stock valued at $1,969,000 after buying an additional 3,091 shares during the last quarter. Whittier Trust Co. raised its stake in Northstar Realty Europe by 6.4% during the 4th 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 last quarter. LVW Advisors LLC purchased a new stake in Northstar Realty Europe during the 4th quarter valued at $252,000. Finally, Rhumbline Advisers raised its stake in Northstar Realty Europe by 35.5% during the 4th quarter. Rhumbline Advisers now owns 73,406 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 19,212 shares during the last quarter. 62.74% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Northstar Realty Europe from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $17.00.
Northstar Realty Europe (NYSE:NRE) last announced its earnings results on Wednesday, March 13th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $28.93 million. Northstar Realty Europe had a net margin of 29.13% and a return on equity of 8.37%. Equities analysts forecast that Northstar Realty Europe Corp will post 0.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.60 dividend on an annualized basis and a 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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