Northstar Realty Europe Corp (NYSE:NRE) shares traded up 12.1% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $12.95 and last traded at $12.42. 1,008,262 shares traded hands during trading, an increase of 265% from the average session volume of 276,297 shares. The stock had previously closed at $11.08.
The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. Northstar Realty Europe had a negative net margin of 14.48% and a positive return on equity of 7.68%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, March 16th. Northstar Realty Europe’s dividend payout ratio is presently -171.42%.
A number of institutional investors have recently added to or reduced their stakes in NRE. Millennium Management LLC increased its stake in Northstar Realty Europe by 616.1% during the 4th quarter. Millennium Management LLC now owns 727,738 shares of the financial services provider’s stock worth $9,774,000 after buying an additional 626,111 shares during the period. Senvest Management LLC raised its holdings in shares of Northstar Realty Europe by 8.5% in the 3rd quarter. Senvest Management LLC now owns 4,777,909 shares of the financial services provider’s stock worth $61,205,000 after purchasing an additional 375,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Northstar Realty Europe by 106.6% in the 4th quarter. Renaissance Technologies LLC now owns 416,700 shares of the financial services provider’s stock worth $5,596,000 after purchasing an additional 215,000 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Northstar Realty Europe in the 3rd quarter worth approximately $1,953,000. Finally, Hilton Capital Management LLC raised its holdings in shares of Northstar Realty Europe by 11.6% in the 4th quarter. Hilton Capital Management LLC now owns 1,349,061 shares of the financial services provider’s stock worth $18,118,000 after purchasing an additional 139,696 shares in the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $588.87, a price-to-earnings ratio of -36.43 and a beta of 1.97.
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Northstar Realty Europe Company Profile
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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