Senvest Management LLC Has $61.68 Million Position in Northstar Realty Europe Corp (NYSE:NRE)

Share on StockTwits

Senvest Management LLC decreased its position in shares of Northstar Realty Europe Corp (NYSE:NRE) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,753,974 shares of the financial services provider’s stock after selling 512,700 shares during the quarter. Northstar Realty Europe accounts for approximately 5.4% of Senvest Management LLC’s investment portfolio, making the stock its 6th largest position. Senvest Management LLC owned 7.46% of Northstar Realty Europe worth $61,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new position in shares of Northstar Realty Europe in the first quarter worth about $278,000. New York State Teachers Retirement System lifted its holdings in shares of Northstar Realty Europe by 43.8% in the second quarter. New York State Teachers Retirement System now owns 39,730 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 12,100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Northstar Realty Europe by 82.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 59,349 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 26,780 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Northstar Realty Europe by 398.7% in the second quarter. Aperio Group LLC now owns 74,931 shares of the financial services provider’s stock worth $1,231,000 after acquiring an additional 59,907 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Northstar Realty Europe by 1.6% in the second quarter. Arizona State Retirement System now owns 78,046 shares of the financial services provider’s stock worth $1,282,000 after acquiring an additional 1,203 shares during the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Shares of Northstar Realty Europe stock traded up $0.01 on Friday, hitting $16.99. The stock had a trading volume of 350,495 shares, compared to its average volume of 469,182. The stock has a 50 day moving average of $16.98 and a 200 day moving average of $17.07. Northstar Realty Europe Corp has a twelve month low of $12.50 and a twelve month high of $18.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 0.69.

Northstar Realty Europe (NYSE:NRE) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Northstar Realty Europe had a net margin of 190.52% and a return on equity of 5.70%. The firm had revenue of $18.16 million during the quarter, compared to analyst estimates of $18.69 million. On average, equities research analysts predict that Northstar Realty Europe Corp will post 0.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, August 16th.

A number of research firms have recently commented 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. Zacks Investment Research cut shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, B. Riley set a $17.00 target price on shares of Northstar Realty Europe and gave the stock a “hold” rating in a report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.

Further Reading: How Does the Quiet Period Work?

Want to see what other hedge funds are holding NRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northstar Realty Europe Corp (NYSE:NRE).

Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

Receive News & Ratings for Northstar Realty Europe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northstar Realty Europe and related companies with MarketBeat.com's FREE daily email newsletter.