NorthStar Realty Europe Corp. (NRE) Shares Sold by Sterneck Capital Management LLC

Sterneck Capital Management LLC lowered its position in NorthStar Realty Europe Corp. (NYSE:NRE) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,026 shares of the financial services provider’s stock after selling 7,479 shares during the quarter. Sterneck Capital Management LLC owned approximately 0.23% of NorthStar Realty Europe Corp. worth $1,585,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NRE. Russell Investments Group Ltd. grew its stake in NorthStar Realty Europe Corp. by 589.0% in the second quarter. Russell Investments Group Ltd. now owns 171,788 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 146,856 shares in the last quarter. Acadian Asset Management LLC grew its stake in NorthStar Realty Europe Corp. by 590.6% in the second quarter. Acadian Asset Management LLC now owns 1,207,317 shares of the financial services provider’s stock worth $15,308,000 after purchasing an additional 1,032,499 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in NorthStar Realty Europe Corp. by 11.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 536,183 shares of the financial services provider’s stock worth $6,799,000 after purchasing an additional 54,018 shares in the last quarter. Bank of New York Mellon Corp grew its stake in NorthStar Realty Europe Corp. by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 478,763 shares of the financial services provider’s stock worth $6,071,000 after purchasing an additional 5,640 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in NorthStar Realty Europe Corp. by 37.4% in the second quarter. Legal & General Group Plc now owns 23,604 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 6,430 shares in the last quarter. 69.89% of the stock is currently owned by institutional investors.

Shares of NorthStar Realty Europe Corp. (NYSE NRE) traded up 0.15% during mid-day trading on Friday, reaching $13.71. The company’s stock had a trading volume of 44,425 shares. The stock’s market cap is $757.61 million. NorthStar Realty Europe Corp. has a one year low of $9.39 and a one year high of $13.76. The stock has a 50 day moving average of $12.75 and a 200-day moving average of $12.40.

NorthStar Realty Europe Corp. (NYSE:NRE) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.21 EPS for the quarter. The business had revenue of $32.39 million during the quarter. NorthStar Realty Europe Corp. had a negative net margin of 18.57% and a positive return on equity of 7.73%.

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Several analysts have issued reports on the company. BidaskClub raised NorthStar Realty Europe Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. JMP Securities assumed coverage on NorthStar Realty Europe Corp. in a research report on Wednesday, October 4th. They set an “outperform” rating and a $16.50 target price on the stock.

About NorthStar Realty Europe Corp.

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.

Institutional Ownership by Quarter for NorthStar Realty Europe Corp. (NYSE:NRE)

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