Ranger Global Real Estate Advisors LLC trimmed its holdings in Northstar Realty Europe Corp (NYSE:NRE) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 911,045 shares of the financial services provider’s stock after selling 24,210 shares during the period. Northstar Realty Europe makes up about 3.9% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 10th largest holding. Ranger Global Real Estate Advisors LLC owned approximately 1.64% of Northstar Realty Europe worth $11,862,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NRE. Schwab Charles Investment Management Inc. grew its position in Northstar Realty Europe by 6.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 599,867 shares of the financial services provider’s stock worth $8,057,000 after acquiring an additional 38,825 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Northstar Realty Europe in the fourth quarter worth approximately $282,000. Engineers Gate Manager LP purchased a new position in Northstar Realty Europe in the fourth quarter worth approximately $265,000. American Century Companies Inc. grew its position in Northstar Realty Europe by 85.2% in the fourth quarter. American Century Companies Inc. now owns 282,449 shares of the financial services provider’s stock worth $3,793,000 after acquiring an additional 129,968 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Northstar Realty Europe in the fourth quarter worth approximately $241,000. Institutional investors own 73.55% of the company’s stock.

Northstar Realty Europe opened at $14.26 on Thursday, according to MarketBeat Ratings. Northstar Realty Europe Corp has a 52 week low of $10.08 and a 52 week high of $14.81. 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 (NYSE:NRE) last released its earnings results on Thursday, May 10th. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Northstar Realty Europe had a positive return on equity of 8.12% and a negative net margin of 12.85%. The company had revenue of $33.57 million during the quarter, compared to analysts’ expectations of $32.86 million. sell-side analysts forecast that Northstar Realty Europe Corp will post 0.91 EPS for the current year.

Northstar Realty Europe announced that its board has approved a stock repurchase plan on Tuesday, March 13th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.21%.

Several research analysts have recently commented on the company. B. Riley set a $17.00 price target on Northstar Realty Europe and gave the stock a “buy” rating in a research report on Monday, May 14th. ValuEngine upgraded Northstar Realty Europe from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research upgraded Northstar Realty Europe from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.38.

Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.

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Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

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