Northstar Realty Europe (NYSE:NRE) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02), Morningstar.com reports. Northstar Realty Europe had a return on equity of 8.37% and a net margin of 29.13%. The firm had revenue of $28.40 million for the quarter, compared to analyst estimates of $28.93 million.
Northstar Realty Europe stock traded down $0.06 during trading on Thursday, hitting $17.91. The company had a trading volume of 9,412 shares, compared to its average volume of 828,702. Northstar Realty Europe has a 1-year low of $12.28 and a 1-year high of $18.44. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 25th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.60 annualized dividend and a yield of 3.35%.
Separately, Zacks Investment Research upgraded shares of Northstar Realty Europe from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
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Northstar Realty Europe Company 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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