Northstar Realty Europe Corp (NRE) to Issue Quarterly Dividend of $0.15 on August 23rd
Northstar Realty Europe Corp (NYSE:NRE) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Investors of record on Monday, August 19th will be given a dividend of 0.15 per share by the financial services provider on Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, August 16th.
Northstar Realty Europe has increased its dividend payment by an average of 58.7% per year over the last three years. Northstar Realty Europe has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northstar Realty Europe to earn $0.56 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 107.1%.
NRE stock traded down $0.01 during midday trading on Wednesday, hitting $17.05. The company’s stock had a trading volume of 1,735 shares, compared to its average volume of 540,668. Northstar Realty Europe has a 12 month low of $12.50 and a 12 month high of $18.44. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $16.84.
NRE has been the topic of several analyst reports. Zacks Investment Research cut Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. JMP Securities cut Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a report on Friday, July 5th. Finally, B. Riley set a $17.00 price target on Northstar Realty Europe and gave the company a “hold” rating in a report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Northstar Realty Europe currently has an average rating of “Hold” and an average target price of $18.00.
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 Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.
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