Zacks Investment Research downgraded shares of Northstar Realty Europe (NYSE:NRE) from a strong-buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “

Several other brokerages have also weighed in on NRE. ValuEngine raised shares of Northstar Realty Europe from a sell rating to a hold rating in a research report on Wednesday, September 26th. B. Riley set a $18.00 price objective on shares of Northstar Realty Europe and gave the company a buy rating in a research report on Thursday, August 9th.

Shares of NRE opened at $12.88 on Wednesday. Northstar Realty Europe has a fifty-two week low of $10.08 and a fifty-two week high of $14.81. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.01.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $31.01 million during the quarter, compared to the consensus estimate of $32.37 million. Northstar Realty Europe had a net margin of 22.39% and a return on equity of 8.27%. As a group, equities research analysts anticipate that Northstar Realty Europe will post 0.96 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in shares of Northstar Realty Europe by 15.5% in the first quarter. Great West Life Assurance Co. Can now owns 37,649 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 5,045 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Northstar Realty Europe by 305.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,277 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 6,234 shares during the period. Centaurus Financial Inc. bought a new position in shares of Northstar Realty Europe in the second quarter valued at about $119,000. Quantitative Systematic Strategies LLC raised its position in shares of Northstar Realty Europe by 47.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 28,187 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 9,089 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Northstar Realty Europe by 1.6% in the first quarter. Northern Trust Corp now owns 618,711 shares of the financial services provider’s stock valued at $8,056,000 after acquiring an additional 9,827 shares in the last quarter. 68.38% of the stock is currently owned by institutional investors.

About Northstar Realty Europe

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 Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.

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