Northstar Realty Europe (NYSE: NRE) announced its quarterly results on Tuesday. The financial services firm posted a profit of $ 0.23 for the quarter, with analysts' consensus estimates of $ 0.26 short of $ 0.03, Morningstar.com reports. Northstar Realty Europe achieved a return on equity of 8.27% and a net margin of 22.39%. The company generated $ 28.99 million in revenue for the quarter, compared to $ 30.63 million in the quarter.
NYSE NRE shares traded at $ 1.67 during midday trading at $ 16.30. The company had a trading volume of 1,123,610 shares compared to an average volume of 323,312. The company has a current ratio of 0.06, a rapid ratio of 0.06 and a leverage ratio of 0.01. Northstar Realty Europe has an annual low of $ 10.08 and a one-year high of $ 16.49.
The company has also recently released a quarterly dividend, which will be paid on Friday, November 16. Shareholders registered on Monday, November 12 will receive a dividend of $ 0.15. This equates to an annualized dividend of $ 0.60 and a dividend yield of 3.68%. The ex-dividend day of this dividend is Friday, November 9th.
Hedge funds and other institutional investors have recently changed their positions in the company. Centaurus Financial Inc. acquired a new equity interest in Northstar Realty Europe worth $ 119,000 in the second quarter. Tower Research Capital LLC TRC increased its stake in Northstar Realty Europe by 305.1% in the second quarter. Tower Research Capital LLC TRC now owns $ 8,277 of the $ 120,000 worth of financial services provider after acquiring another 6,234 shares in the final quarter. Aperio Group LLC has acquired a new equity interest in Northstar Realty Europe worth $ 174,000 in the second quarter. The US Department of Revenue acquired a $ 202,000 share from Northstar Realty Europe in the third quarter. Finally, WINTON GROUP Ltd acquired a $ 216,000 share of Northstar Realty Europe in the first quarter. Institutional investors and hedge funds hold 68.06% of the company's stock.
A number of research companies have commented on NRE. TheStreet has rated Northstar Realty Europe on Friday, October 19, in a research grade of "d" rating to "c". Zacks Investment Research trimmed Northstar Realty Europe on a research note from a "strong buy" rating to a "hold" rating on Wednesday, October 10. ValuEngine reduced Northstar Realty Europe from a hold rating to a bottom line on Tuesday, September 18, in a research note. Finally, B. Riley set a target price of $ 18.00 for Northstar Realty Europe and gave the stock a buy rating on Thursday, August 9, in a research note.
Northstar Realty Europe Company Profile
NorthStar Realty Europe Corp. is a European-focused commercial real estate company with predominantly prime office properties in key cities in Germany, the UK and France, organized as a REIT and managed by a subsidiary of Colony Capital, Inc. (NYSE: CLNY). a leading global equity REIT with embedded investment management platform.
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