Conning Inc. increased its stake in shares of NorthStar Realty Finance Corp. (NYSE:NRF) by 276.6% during the second quarter, Holdings Channel reports. The fund owned 389,564 shares of the company’s stock after buying an additional 286,114 shares during the period. Conning Inc.’s holdings in NorthStar Realty Finance Corp. were worth $4,453,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in NorthStar Realty Finance Corp. by 179.5% in the first quarter. Bessemer Group Inc. now owns 7,924 shares of the company’s stock valued at $104,000 after buying an additional 5,089 shares during the last quarter. Sigma Planning Corp increased its position in NorthStar Realty Finance Corp. by 13.5% in the second quarter. Sigma Planning Corp now owns 11,966 shares of the company’s stock valued at $137,000 after buying an additional 1,427 shares during the last quarter. Advocacy Wealth Management Services LLC increased its position in NorthStar Realty Finance Corp. by 88.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 12,287 shares of the company’s stock valued at $140,000 after buying an additional 5,776 shares during the last quarter. Sterneck Capital Management LLC increased its position in NorthStar Realty Finance Corp. by 13.6% in the first quarter. Sterneck Capital Management LLC now owns 14,610 shares of the company’s stock valued at $192,000 after buying an additional 1,750 shares during the last quarter. Finally, Commonwealth Financial Services LLC bought a new position in NorthStar Realty Finance Corp. during the second quarter valued at about $210,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

NorthStar Realty Finance Corp. (NYSE:NRF) traded up 1.42% during trading on Thursday, hitting $12.88. 2,217,585 shares of the stock traded hands. The company’s 50 day moving average price is $13.19 and its 200-day moving average price is $12.87. NorthStar Realty Finance Corp. has a 52-week low of $8.38 and a 52-week high of $27.60.

NorthStar Realty Finance Corp. (NYSE:NRF) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.56 earnings per share (EPS) for the quarter. NorthStar Realty Finance Corp. had a negative net margin of 20.52% and a positive return on equity of 14.82%. On average, equities analysts forecast that NorthStar Realty Finance Corp. will post $1.34 earnings per share for the current year.

Several equities analysts have issued reports on the stock. 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 downgraded shares of NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, FBR & Co downgraded shares of NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $18.00 to $12.75 in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.25.

NorthStar Realty Finance Corp. Company Profile

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).

5 Day Chart for NYSE:NRF

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