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.
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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