Northstar Realty Europe (NRE) Reaches New 12-Month High at $17.60

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Northstar Realty Europe Corp (NYSE:NRE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.60 and last traded at $17.35, with a volume of 1997530 shares changing hands. The stock had previously closed at $16.66.

NRE has been the subject of several analyst reports. ValuEngine raised Northstar Realty Europe from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. TheStreet raised Northstar Realty Europe from a “d” rating to a “c” rating in a research report on Friday, October 19th. Zacks Investment Research raised Northstar Realty Europe from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. JMP Securities upped their target price on Northstar Realty Europe from $16.50 to $18.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 13th. Finally, B. Riley downgraded Northstar Realty Europe from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.00.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.07.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Northstar Realty Europe by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 422,205 shares of the financial services provider’s stock valued at $6,138,000 after buying an additional 8,943 shares in the last quarter. California Public Employees Retirement System raised its stake in Northstar Realty Europe by 2.3% during the fourth quarter. California Public Employees Retirement System now owns 135,432 shares of the financial services provider’s stock valued at $1,969,000 after buying an additional 3,091 shares in the last quarter. Whittier Trust Co. raised its stake in Northstar Realty Europe by 6.4% during the fourth quarter. Whittier Trust Co. now owns 10,248 shares of the financial services provider’s stock valued at $149,000 after buying an additional 617 shares in the last quarter. LVW Advisors LLC acquired a new stake in Northstar Realty Europe during the fourth quarter valued at approximately $252,000. Finally, Rhumbline Advisers raised its stake in Northstar Realty Europe by 35.5% during the fourth quarter. Rhumbline Advisers now owns 73,406 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 19,212 shares in the last quarter. 65.59% of the stock is owned by hedge funds and other institutional investors.

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About Northstar Realty Europe (NYSE:NRE)

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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