Northstar Realty Europe (NYSE:NRE) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Northstar Realty Europe (NYSE:NRE) from a buy rating to a hold rating in a report released on Thursday, January 11th.

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. “

Several other equities research analysts also recently commented on NRE. ValuEngine downgraded shares of Northstar Realty Europe from a buy rating to a hold rating in a research report on Friday, December 1st. JMP Securities began coverage on shares of Northstar Realty Europe in a research report on Wednesday, October 4th. They issued an outperform rating and a $16.50 price target for the company. FBR & Co started coverage on shares of Northstar Realty Europe in a research report on Tuesday, October 31st. They issued a buy rating and a $17.00 price target for the company. Finally, B. Riley reiterated a buy rating and issued a $17.00 target price on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $16.38.

Shares of Northstar Realty Europe (NYSE:NRE) opened at $12.67 on Thursday. The firm has a market cap of $690.80, a P/E ratio of -36.20 and a beta of 2.54. Northstar Realty Europe has a 1-year low of $11.15 and a 1-year high of $14.70. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.01.

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

In other news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in shares of Northstar Realty Europe by 0.8% during the 2nd quarter. Teachers Advisors LLC now owns 114,989 shares of the financial services provider’s stock worth $1,458,000 after acquiring an additional 898 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Northstar Realty Europe by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,428 shares of the financial services provider’s stock worth $8,501,000 after acquiring an additional 105,880 shares during the period. Private Management Group Inc. lifted its holdings in Northstar Realty Europe by 2.0% during the 3rd quarter. Private Management Group Inc. now owns 1,517,776 shares of the financial services provider’s stock valued at $19,443,000 after purchasing an additional 29,853 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Northstar Realty Europe by 41.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 243,047 shares of the financial services provider’s stock valued at $3,113,000 after purchasing an additional 71,259 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Northstar Realty Europe during the 3rd quarter valued at about $410,000. 70.75% of the stock is owned by institutional investors.

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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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