Short Interest in Northstar Realty Europe Corp (NYSE:NRE) Increases By 17.9%

Northstar Realty Europe Corp (NYSE:NRE) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,176,500 shares, a growth of 17.9% from the May 15th total of 998,100 shares. Based on an average trading volume of 260,800 shares, the short-interest ratio is currently 4.5 days. Approximately 2.8% of the company’s stock are short sold.

Several research firms recently issued reports on NRE. JMP Securities cut shares of Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a report on Friday, July 5th. B. Riley set a $17.00 price target on shares of Northstar Realty Europe and gave the company a “hold” rating in a report on Friday, July 5th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, TheStreet cut shares of 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of NYSE:NRE traded up $0.01 on Friday, reaching $17.03. 531,730 shares of the company’s stock were exchanged, compared to its average volume of 1,479,532. Northstar Realty Europe has a fifty-two week low of $12.50 and a fifty-two week high of $18.44. The business has a 50-day simple moving average of $16.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.68 and a current ratio of 0.68.

Northstar Realty Europe (NYSE:NRE) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $19.17 million during the quarter, compared to analyst estimates of $18.85 million. Northstar Realty Europe had a net margin of 202.58% and a return on equity of 6.78%. Sell-side analysts expect that Northstar Realty Europe will post 0.55 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in NRE. Shoals Capital Management LP bought a new position in Northstar Realty Europe in the 4th quarter valued at about $21,992,000. Citigroup Inc. grew its position in Northstar Realty Europe by 4,970.1% in the 4th quarter. Citigroup Inc. now owns 683,240 shares of the financial services provider’s stock valued at $9,934,000 after buying an additional 669,764 shares in the last quarter. Geode Capital Management LLC grew its position in Northstar Realty Europe by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 659,119 shares of the financial services provider’s stock valued at $9,583,000 after buying an additional 18,742 shares in the last quarter. Norges Bank bought a new position in Northstar Realty Europe in the 4th quarter valued at about $8,774,000. Finally, Northern Trust Corp grew its position in Northstar Realty Europe by 1.2% in the 4th quarter. Northern Trust Corp now owns 586,972 shares of the financial services provider’s stock valued at $8,535,000 after buying an additional 6,727 shares in the last quarter. Institutional investors and hedge funds own 64.92% of the company’s stock.

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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