Wells Fargo & Company MN Raises Stock Position in Northstar Realty Europe Corp (NYSE:NRE)

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Wells Fargo & Company MN lifted its stake in shares of Northstar Realty Europe Corp (NYSE:NRE) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,484 shares of the financial services provider’s stock after buying an additional 42,099 shares during the quarter. Wells Fargo & Company MN owned about 0.44% of Northstar Realty Europe worth $3,623,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mason Street Advisors LLC purchased a new stake in shares of Northstar Realty Europe during the 1st quarter worth approximately $278,000. New York State Teachers Retirement System lifted its position in shares of Northstar Realty Europe by 43.8% during the 2nd quarter. New York State Teachers Retirement System now owns 39,730 shares of the financial services provider’s stock worth $653,000 after buying an additional 12,100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Northstar Realty Europe by 82.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 59,349 shares of the financial services provider’s stock worth $975,000 after buying an additional 26,780 shares during the last quarter. Aperio Group LLC raised its position in Northstar Realty Europe by 398.7% in the 2nd quarter. Aperio Group LLC now owns 74,931 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 59,907 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Northstar Realty Europe by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 78,046 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 1,203 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

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

Shares of NRE traded up $0.01 during mid-day trading on Friday, hitting $17.00. 1,515,444 shares of the company’s stock were exchanged, compared to its average volume of 434,749. Northstar Realty Europe Corp has a fifty-two week low of $12.65 and a fifty-two week high of $18.44. The business’s 50 day moving average is $16.97 and its two-hundred day moving average is $17.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.69 and a quick ratio of 0.69.

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

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

Northstar Realty Europe Profile

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

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