Northstar Realty Europe (NYSE:NRE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $15.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.78% from the company’s previous close.

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. “

Other equities analysts also recently issued research reports about the stock. B. Riley set a $17.00 price objective on shares of Northstar Realty Europe and gave the stock a “buy” rating in a research report on Monday, May 14th. ValuEngine downgraded shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Northstar Realty Europe has an average rating of “Buy” and a consensus price target of $16.63.

Shares of Northstar Realty Europe stock opened at $13.54 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a one year low of $10.08 and a one year high of $14.81.

Northstar Realty Europe (NYSE:NRE) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $31.01 million for the quarter, compared to analysts’ expectations of $32.37 million. Northstar Realty Europe had a return on equity of 8.27% and a net margin of 22.39%. analysts forecast that Northstar Realty Europe will post 0.96 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in NRE. Deutsche Bank AG increased its holdings in shares of Northstar Realty Europe by 128.2% in the 4th quarter. Deutsche Bank AG now owns 229,005 shares of the financial services provider’s stock valued at $3,074,000 after purchasing an additional 128,671 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Northstar Realty Europe by 53.5% in the 4th quarter. LPL Financial LLC now owns 31,300 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 10,904 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Northstar Realty Europe in the 4th quarter valued at about $403,000. Summit Securities Group LLC purchased a new position in shares of Northstar Realty Europe in the 1st quarter valued at about $379,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Northstar Realty Europe by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 636,727 shares of the financial services provider’s stock valued at $8,291,000 after purchasing an additional 36,860 shares in the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.

Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.

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