NorthStar Realty Finance Corp. (NRF) Trading Up 0.9%
Shares of NorthStar Realty Finance Corp. (NYSE:NRF) were up 0.9% during mid-day trading on Wednesday . The company traded as high as $13.38 and last traded at $13.31, with a volume of 997,945 shares traded. The stock had previously closed at $13.19.
A number of analysts have issued reports on NRF shares. Sterne Agee CRT reissued a “buy” rating on shares of NorthStar Realty Finance Corp. in a research report on Monday, May 16th. 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. FBR & Co downgraded NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $18.00 to $12.75 in a research report on Wednesday, June 1st. Finally, TheStreet downgraded NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.25.
The company has a 50-day moving average price of $13.15 and a 200-day moving average price of $12.71.
NorthStar Realty Finance Corp. (NYSE:NRF) last issued 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 EPS for the current fiscal year.
The firm also recently declared 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 of this dividend was Thursday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.99%.
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).