NorthStar Realty Finance Corp. (NRF) Trading Down 3.4%
NorthStar Realty Finance Corp. (NYSE:NRF) fell 3.4% during mid-day trading on Thursday . The company traded as low as $13.12 and last traded at $13.19, with a volume of 901,028 shares changing hands. The stock had previously closed at $13.66.
A number of brokerages have recently issued reports on NRF. Zacks Investment Research raised shares of NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a report on Thursday, August 4th. TheStreet cut shares of NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. FBR & Co cut shares of NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $18.00 to $12.75 in a report on Wednesday, June 1st. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of NorthStar Realty Finance Corp. in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.44.
The firm’s 50-day moving average is $12.48 and its 200-day moving average is $12.46.
NorthStar Realty Finance Corp. (NYSE:NRF) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.56 EPS for the quarter. Analysts predict that NorthStar Realty Finance Corp. will post $1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.18%. The ex-dividend date is Thursday, August 11th.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio consists of healthcare, hotel, manufactured housing communities, net lease and multifamily properties. The Company also invests in other opportunistic real estate investments, such as indirect interests in real estate through its investments in private equity funds (PE Investments).
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