Acadian Asset Management LLC raised its holdings in Northstar Realty Europe Corp (NYSE:NRE) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,004,770 shares of the financial services provider’s stock after buying an additional 82,483 shares during the quarter. Acadian Asset Management LLC’s holdings in Northstar Realty Europe were worth $26,925,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. grew 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 worth $109,000 after buying an additional 2,081 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Northstar Realty Europe in the 3rd quarter worth approximately $145,000. Numeric Investors LLC bought a new stake in shares of Northstar Realty Europe in the 2nd quarter worth approximately $146,000. Sei Investments Co. grew its position in shares of Northstar Realty Europe by 135.9% in the 3rd quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock worth $195,000 after buying an additional 8,731 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of Northstar Realty Europe in the 2nd quarter worth approximately $215,000. Hedge funds and other institutional investors own 70.75% of the company’s stock.

A number of research firms have recently commented on NRE. Zacks Investment Research cut Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine cut Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley restated a “buy” rating and issued a $17.00 target price on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. FBR & Co began coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They issued a “buy” rating and a $17.00 target price for the company. Finally, JMP Securities began coverage on Northstar Realty Europe in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 target price for the company. One research 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 an average rating of “Hold” and an average target price of $16.38.

In related news, major shareholder Colony Northstar, Inc. acquired 99,628 shares of the stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Northstar Realty Europe Corp (NRE) opened at $12.65 on Friday. The company has a market capitalization of $691.90, a P/E ratio of -36.14 and a beta of 2.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.05 and a quick ratio of 0.05. Northstar Realty Europe Corp has a one year low of $11.15 and a one year high of $14.70.

Northstar Realty Europe (NYSE:NRE) last released its earnings results on Thursday, November 9th. The financial services provider reported $0.23 EPS for the quarter, beating the Zacks’ 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 Corp will post 0.15 earnings per share for the current year.

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Northstar Realty Europe 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.

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Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

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