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 trading hands. The stock had previously closed at $13.66.
A number of brokerages recently issued reports on NRF. Zacks Investment Research raised NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 4th. Sterne Agee CRT reissued a “buy” rating on shares of NorthStar Realty Finance Corp. in a research report on Monday, May 16th. FBR & Co lowered NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $18.00 to $12.75 in a research report on Wednesday, June 1st. Finally, TheStreet lowered NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. NorthStar Realty Finance Corp. currently has an average rating of “Hold” and a consensus target price of $21.44.
The company has a 50-day moving average of $12.53 and a 200 day moving average of $12.48.
NorthStar Realty Finance Corp. (NYSE:NRF) last announced its earnings results on Thursday, August 4th. The company reported $0.56 EPS for the quarter. On average, equities research analysts forecast that NorthStar Realty Finance Corp. will post $1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 12.22%.
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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