NorthStar Realty Finance Corp. (NYSE:NRF) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,636,398 shares, a decrease of 50.1% from the October 14th total of 5,286,939 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,387,374 shares, the days-to-cover ratio is currently 1.1 days.

NRF has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 4th. FBR & Co upgraded shares of NorthStar Realty Finance Corp. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $12.75 to $16.00 in a research note on Friday, October 21st. Finally, JMP Securities restated a “hold” rating on shares of NorthStar Realty Finance Corp. in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. NorthStar Realty Finance Corp. presently has an average rating of “Hold” and a consensus target price of $16.33.

Shares of NorthStar Realty Finance Corp. (NYSE:NRF) opened at 14.09 on Wednesday. The stock has a 50 day moving average of $13.86 and a 200 day moving average of $13.12. NorthStar Realty Finance Corp. has a 12-month low of $8.38 and a 12-month high of $19.79.

NorthStar Realty Finance Corp. (NYSE:NRF) last released its 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 negative net margin of 18.73% and a positive return on equity of 14.64%. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Analysts predict that NorthStar Realty Finance Corp. will post $1.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, November 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.60 annualized dividend and a dividend yield of 11.36%. NorthStar Realty Finance Corp.’s dividend payout ratio is presently -67.23%.

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in NorthStar Realty Finance Corp. by 0.3% in the second quarter. BNP Paribas Arbitrage SA now owns 27,670 shares of the company’s stock valued at $316,000 after buying an additional 81 shares in the last quarter. Boothbay Fund Management LLC boosted its position in NorthStar Realty Finance Corp. by 41.8% in the first quarter. Boothbay Fund Management LLC now owns 93,615 shares of the company’s stock valued at $1,228,000 after buying an additional 27,586 shares in the last quarter. Sterneck Capital Management LLC boosted its position in NorthStar Realty Finance Corp. by 13.6% in the first quarter. Sterneck Capital Management LLC now owns 14,610 shares of the company’s stock valued at $192,000 after buying an additional 1,750 shares in the last quarter. First Republic Investment Management Inc. boosted its position in NorthStar Realty Finance Corp. by 15.3% in the first quarter. First Republic Investment Management Inc. now owns 73,698 shares of the company’s stock valued at $967,000 after buying an additional 9,754 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in NorthStar Realty Finance Corp. by 109.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 697,367 shares of the company’s stock valued at $9,138,000 after buying an additional 365,159 shares in the last quarter. 66.81% of the stock is owned by institutional investors and hedge funds.

NorthStar Realty Finance Corp. Company Profile

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).

5 Day Chart for NYSE:NRF

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