NorthStar Realty Europe Corp. (NYSE:NRE) announced its earnings results on Tuesday, August 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $32.39 million during the quarter. NorthStar Realty Europe Corp. had a negative net margin of 18.57% and a positive return on equity of 7.73%.

Shares of NorthStar Realty Europe Corp. (NRE) traded down 0.64% on Friday, hitting $12.45. 151,201 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $12.77 and its 200 day moving average price is $12.21. The company’s market cap is $687.99 million. NorthStar Realty Europe Corp. has a 1-year low of $9.39 and a 1-year high of $13.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Thursday, August 10th. NorthStar Realty Europe Corp.’s payout ratio is -133.33%.

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Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in NorthStar Realty Europe Corp. by 0.5% in the second quarter. Wells Fargo & Company MN now owns 115,517 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 539 shares during the last quarter. Teachers Advisors LLC raised its position in NorthStar Realty Europe Corp. by 0.8% in the second quarter. Teachers Advisors LLC now owns 114,989 shares of the financial services provider’s stock valued at $1,458,000 after buying an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in NorthStar Realty Europe Corp. by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 44,850 shares of the financial services provider’s stock valued at $569,000 after buying an additional 917 shares during the last quarter. JPMorgan Chase & Co. raised its position in NorthStar Realty Europe Corp. by 1.1% in the second quarter. JPMorgan Chase & Co. now owns 133,713 shares of the financial services provider’s stock valued at $1,695,000 after buying an additional 1,474 shares during the last quarter. Finally, Citigroup Inc. raised its position in NorthStar Realty Europe Corp. by 31.8% in the second quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after buying an additional 2,081 shares during the last quarter. Institutional investors own 76.70% of the company’s stock.

Several research firms have recently weighed in on NRE. BidaskClub lowered shares of NorthStar Realty Europe Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of NorthStar Realty Europe Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th.

NorthStar Realty Europe Corp. 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.

Earnings History for NorthStar Realty Europe Corp. (NYSE:NRE)

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