JMP Securities Reiterates Hold Rating for NorthStar Realty Finance Corp. (NRF)
NorthStar Realty Finance Corp. (NYSE:NRF)‘s stock had its “hold” rating reissued by equities researchers at JMP Securities in a note issued to investors on Wednesday.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday. FBR & Co raised shares of NorthStar Realty Finance Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $12.75 to $16.00 in a research note on Friday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. NorthStar Realty Finance Corp. has an average rating of “Hold” and an average price target of $16.33.
NorthStar Realty Finance Corp. (NYSE:NRF) opened at 13.91 on Wednesday. The company’s 50-day moving average is $13.73 and its 200 day moving average is $13.09. NorthStar Realty Finance Corp. has a 1-year low of $8.38 and a 1-year high of $19.79.
NorthStar Realty Finance Corp. (NYSE:NRF) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.01. NorthStar Realty Finance Corp. had a positive return on equity of 14.02% and a negative net margin of 18.73%. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, equities research analysts expect that NorthStar Realty Finance Corp. will post $1.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, November 14th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.60 dividend on an annualized basis and a yield of 11.50%. NorthStar Realty Finance Corp.’s dividend payout ratio (DPR) is -67.23%.
Institutional investors have recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management bought a new position in NorthStar Realty Finance Corp. during the second quarter worth approximately $2,189,000. Advisors Asset Management Inc. boosted its position in NorthStar Realty Finance Corp. by 69.5% in the second quarter. Advisors Asset Management Inc. now owns 915,193 shares of the company’s stock worth $10,461,000 after buying an additional 375,210 shares during the period. LPL Financial LLC boosted its position in NorthStar Realty Finance Corp. by 48.2% in the first quarter. LPL Financial LLC now owns 1,056,502 shares of the company’s stock worth $13,450,000 after buying an additional 343,467 shares during the period. Natixis bought a new position in NorthStar Realty Finance Corp. during the first quarter worth approximately $1,561,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in NorthStar Realty Finance Corp. during the first quarter worth approximately $1,312,000. 69.69% of the stock is owned by hedge funds and other institutional investors.
About NorthStar Realty Finance Corp.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio consists of healthcare, hotel, manufactured housing communities, net lease and multifamily properties. The Company also invests in other opportunistic real estate investments, such as indirect interests in real estate through its investments in private equity funds (PE Investments).
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