CapWealth Advisors LLC lessened its position in Northstar Realty Europe Corp (NYSE:NRE) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,232 shares of the financial services provider’s stock after selling 10,024 shares during the period. CapWealth Advisors LLC owned approximately 0.07% of Northstar Realty Europe worth $464,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in Northstar Realty Europe by 31.8% during the second quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,081 shares during the last quarter. Numeric Investors LLC acquired a new position in Northstar Realty Europe during the second quarter worth $146,000. Sei Investments Co. lifted its stake in Northstar Realty Europe by 135.9% in the third quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 8,731 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in Northstar Realty Europe in the second quarter valued at $215,000. Finally, Menta Capital LLC acquired a new stake in Northstar Realty Europe in the second quarter valued at $231,000. Institutional investors own 70.80% of the company’s stock.
NRE has been the subject of a number of recent analyst reports. BidaskClub cut shares of Northstar Realty Europe from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. JMP Securities assumed coverage on shares of Northstar Realty Europe in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $16.50 price objective on the stock. FBR & Co assumed coverage on shares of Northstar Realty Europe in a research report on Tuesday, October 31st. They set a “buy” rating and a $17.00 price target on the stock. B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Northstar Realty Europe has a consensus rating of “Hold” and a consensus target price of $16.83.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 4.28%. Northstar Realty Europe’s payout ratio is -171.42%.
In other news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of the stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.
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About Northstar Realty Europe
NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.
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