Shares of Northstar Realty Europe Corp (NYSE:NRE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $16.75 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also given Northstar Realty Europe an industry rank of 195 out of 265 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on NRE shares. BidaskClub cut Northstar Realty Europe from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. FBR & Co assumed coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They set a “buy” rating and a $17.00 price objective on the stock. JMP Securities assumed coverage on Northstar Realty Europe in a research note on Wednesday, October 4th. They set an “outperform” rating and a $16.50 price objective on the stock. Finally, B. Riley reissued a “buy” rating and set a $17.00 price objective on shares of Northstar Realty Europe in a research note on Wednesday, November 1st.

Several hedge funds have recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Northstar Realty Europe by 31.8% in the 2nd quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 2,081 shares during the period. Institutional & Family Asset Management LLC purchased a new stake in shares of Northstar Realty Europe in the third quarter valued at about $145,000. Numeric Investors LLC bought a new position in shares of Northstar Realty Europe in the 2nd quarter worth about $146,000. Sei Investments Co. increased its stake in Northstar Realty Europe by 135.9% during the 3rd quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock valued at $195,000 after buying an additional 8,731 shares during the period. Finally, Balyasny Asset Management LLC acquired a new position in shares of Northstar Realty Europe in the 2nd quarter worth approximately $215,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Northstar Realty Europe (NRE) opened at $14.51 on Friday. Northstar Realty Europe has a 52-week low of $10.61 and a 52-week high of $14.70. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 4.14%. Northstar Realty Europe’s dividend payout ratio is currently -171.42%.

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About Northstar Realty Europe

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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