Northstar Realty Europe (NYSE:NRE) declared that its Board of Directors has initiated a stock buyback program, which allows the company to repurchase $100.00 million in shares on Tuesday, March 13th, EventVestor reports. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Northstar Realty Europe (NRE) traded up $0.29 during trading hours on Wednesday, reaching $12.71. 103,231 shares of the company’s stock were exchanged, compared to its average volume of 271,201. The company has a market cap of $613.79, a price-to-earnings ratio of -35.48 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. Northstar Realty Europe has a 1-year low of $10.08 and a 1-year high of $14.70.

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Northstar Realty Europe (NYSE:NRE) last released its quarterly earnings data on Tuesday, March 13th. The financial services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $32.55 million during the quarter. Northstar Realty Europe had a negative net margin of 14.48% and a positive return on equity of 7.68%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.72%. Northstar Realty Europe’s dividend payout ratio is currently -171.42%.

A number of research firms have weighed in on NRE. B. Riley restated a “buy” rating on shares of Northstar Realty Europe in a research note on Friday, March 9th. Zacks Investment Research lowered shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, ValuEngine lowered shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.38.

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Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

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