Zacks Investment Research lowered shares of Northstar Realty Europe (NYSE:NRE) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

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 brokerages have also issued reports on NRE. ValuEngine lowered Northstar Realty Europe from a buy rating to a hold rating in a research report on Friday, December 1st. B. Riley restated a buy rating and set a $17.00 target price on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. JMP Securities began coverage on Northstar Realty Europe in a research report on Wednesday, October 4th. They set an outperform rating and a $16.50 target price for the company. Finally, FBR & Co began coverage on Northstar Realty Europe in a research report on Tuesday, October 31st. They set a buy rating and a $17.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Northstar Realty Europe presently has a consensus rating of Hold and a consensus price target of $16.38.

Shares of Northstar Realty Europe (NRE) traded down $0.06 during trading hours on Thursday, hitting $12.68. The company’s stock had a trading volume of 120,700 shares, compared to its average volume of 130,578. Northstar Realty Europe has a fifty-two week low of $11.15 and a fifty-two week high of $14.70. The stock has a market capitalization of $702.43 and a price-to-earnings ratio of -37.29. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01.

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

In related news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average price of $14.54 per share, with a total value of $1,448,591.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Northstar Realty Europe by 0.5% during 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 acquiring an additional 539 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Northstar Realty Europe by 0.8% during the second quarter. Teachers Advisors LLC now owns 114,989 shares of the financial services provider’s stock valued at $1,458,000 after acquiring an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Northstar Realty Europe by 2.1% during 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 acquiring an additional 917 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northstar Realty Europe by 1.1% during the second quarter. JPMorgan Chase & Co. now owns 133,713 shares of the financial services provider’s stock valued at $1,695,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Northstar Realty Europe by 31.8% during the second 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 in the last quarter. 70.75% of the stock is owned by hedge funds and other institutional investors.

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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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