NorthStar Realty Finance Corp. (NRF) Sees Unusually-High Trading Volume
NorthStar Realty Finance Corp. (NYSE:NRF) shares saw unusually-high trading volume on Monday . Approximately 1,761,420 shares changed hands during trading, an increase of 2% from the previous session’s volume of 1,725,528 shares.The stock last traded at $13.01 and had previously closed at $13.35.
NRF has been the subject of a number of research reports. Sterne Agee CRT reissued a “buy” rating on shares of NorthStar Realty Finance Corp. in a report on Monday, May 16th. Zacks Investment Research downgraded NorthStar Realty Finance Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 13th. FBR & Co downgraded NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $18.00 to $12.75 in a report on Wednesday, June 1st. Finally, TheStreet downgraded NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.44.
The company has a 50-day moving average price of $12.87 and a 200 day moving average price of $12.56.
NorthStar Realty Finance Corp. (NYSE:NRF) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.56 earnings per share (EPS) for the quarter. On average, analysts anticipate that NorthStar Realty Finance Corp. will post $1.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 15th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 12.31%.
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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