Northstar Realty Europe (NYSE:NRE) Downgraded by Zacks Investment Research

Northstar Realty Europe (NYSE:NRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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 research firms also recently commented on NRE. B. Riley set a $17.00 target price on Northstar Realty Europe and gave the stock a “hold” rating in a research report on Friday, July 5th. TheStreet downgraded 22nd Century Group from a “c-” rating to a “d+” rating in a research report on Friday, March 29th. Finally, JMP Securities downgraded Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a research report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of Northstar Realty Europe stock traded down $0.01 during midday trading on Thursday, hitting $17.00. 20,521 shares of the company were exchanged, compared to its average volume of 545,805. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.68. Northstar Realty Europe has a 52 week low of $12.50 and a 52 week high of $18.44. The firm has a 50 day simple moving average of $16.36.

Northstar Realty Europe (NYSE:NRE) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $19.17 million during the quarter, compared to the consensus estimate of $18.85 million. Northstar Realty Europe had a return on equity of 6.78% and a net margin of 202.58%. Equities analysts anticipate that Northstar Realty Europe will post 0.55 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of NRE. Arlington Partners LLC acquired a new stake in Northstar Realty Europe during the 2nd quarter valued at $61,000. WINTON GROUP Ltd increased its holdings in Northstar Realty Europe by 68.7% during the 2nd quarter. WINTON GROUP Ltd now owns 74,691 shares of the financial services provider’s stock valued at $1,227,000 after purchasing an additional 30,416 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Northstar Realty Europe by 72.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 70,018 shares of the financial services provider’s stock valued at $1,215,000 after purchasing an additional 29,364 shares in the last quarter. Qtron Investments LLC acquired a new stake in Northstar Realty Europe during the 1st quarter valued at $178,000. Finally, Piedmont Investment Advisors Inc. acquired a new stake in Northstar Realty Europe during the 1st quarter valued at $214,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

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

Recommended Story: Why is Cost of Capital Important?

Get a free copy of the Zacks research report on Northstar Realty Europe (NRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northstar Realty Europe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northstar Realty Europe and related companies with MarketBeat.com's FREE daily email newsletter.