Northstar Realty Europe (NYSE:NRE) Downgraded by JMP Securities to Market Perform

Northstar Realty Europe (NYSE:NRE) was downgraded by JMP Securities from a “mkt outperform” rating to a “market perform” rating in a report released on Friday, July 5th, MarketBeat reports.

Several other analysts have also recently commented on NRE. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. TheStreet cut shares of 22nd Century Group from a “c-” rating to a “d+” rating in a research note on Friday, March 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Northstar Realty Europe has a consensus rating of “Hold” and a consensus target price of $18.00.

NYSE NRE opened at $17.00 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $16.37. Northstar Realty Europe has a 12 month low of $12.50 and a 12 month high of $18.44.

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, beating the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $19.17 million for the quarter, compared to the consensus estimate of $18.85 million. Northstar Realty Europe had a net margin of 202.58% and a return on equity of 6.78%. On average, research analysts forecast that Northstar Realty Europe will post 0.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in NRE. LS Investment Advisors LLC purchased a new stake in shares of Northstar Realty Europe during the first quarter worth about $25,000. Legacy Bridge LLC purchased a new stake in shares of Northstar Realty Europe during the first quarter worth about $29,000. Arlington Partners LLC purchased a new stake in shares of Northstar Realty Europe during the second quarter worth about $61,000. Quantamental Technologies LLC grew its holdings in shares of Northstar Realty Europe by 400.5% during the first quarter. Quantamental Technologies LLC now owns 3,999 shares of the financial services provider’s stock worth $69,000 after buying an additional 3,200 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of Northstar Realty Europe by 666.9% during the first quarter. FNY Investment Advisers LLC now owns 5,000 shares of the financial services provider’s stock worth $86,000 after buying an additional 4,348 shares in the last quarter. Institutional investors 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.

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