NorthStar Realty Finance Corp. (NRF) Trading Up 6.2%
NorthStar Realty Finance Corp. (NYSE:NRF)’s share price was up 6.2% during mid-day trading on Friday . The stock traded as high as $11.63 and last traded at $11.63, with a volume of 1,793,237 shares trading hands. The stock had previously closed at $10.95.
Several equities analysts have issued reports on NRF shares. Deutsche Bank AG decreased their price target on shares of NorthStar Realty Finance Corp. from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Zacks Investment Research upgraded shares of NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Sterne Agee CRT restated a “buy” rating on shares of NorthStar Realty Finance Corp. in a research report on Monday, May 16th. FBR & Co cut shares of NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $12.75 in a research report on Wednesday, June 1st. Finally, TheStreet cut shares of NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.44.
The stock’s market cap is $2.07 billion. The company’s 50 day moving average price is $12.43 and its 200-day moving average price is $12.76.
NorthStar Realty Finance Corp. (NYSE:NRF) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. On average, equities research analysts anticipate that NorthStar Realty Finance Corp. will post $1.34 earnings per share for the current year.
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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