Strs Ohio Has $1.08 Million Position in Northstar Realty Europe Corp (NYSE:NRE)

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Strs Ohio lowered its position in Northstar Realty Europe Corp (NYSE:NRE) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,978 shares of the financial services provider’s stock after selling 4,378 shares during the quarter. Strs Ohio owned approximately 0.13% of Northstar Realty Europe worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Northstar Realty Europe in the fourth quarter valued at $8,774,000. Deutsche Bank AG lifted its stake in shares of Northstar Realty Europe by 66.3% during the 4th quarter. Deutsche Bank AG now owns 174,816 shares of the financial services provider’s stock worth $2,539,000 after buying an additional 69,689 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Northstar Realty Europe by 103.6% during the 1st quarter. Rhumbline Advisers now owns 149,430 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 76,024 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Northstar Realty Europe by 37.1% during the 1st quarter. Bank of Montreal Can now owns 126,032 shares of the financial services provider’s stock worth $2,188,000 after buying an additional 34,074 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Northstar Realty Europe by 156.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 100,440 shares of the financial services provider’s stock worth $1,745,000 after buying an additional 61,224 shares during the last quarter. Hedge funds and other institutional investors own 65.42% of the company’s stock.

A number of analysts have recently issued reports on NRE shares. B. Riley set a $17.00 target price on shares of Northstar Realty Europe and gave the stock a “hold” rating in a research note on Friday, July 5th. JMP Securities cut shares of Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a research note on Friday, July 5th. Finally, Zacks Investment Research cut shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Northstar Realty Europe currently has an average rating of “Hold” and a consensus price target of $18.00.

NYSE NRE opened at $17.05 on Wednesday. The business’s 50-day moving average is $16.84. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.01. Northstar Realty Europe Corp has a 52-week low of $12.50 and a 52-week high of $18.44.

Northstar Realty Europe (NYSE:NRE) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $18.16 million for the quarter, compared to analyst estimates of $18.69 million. As a group, equities research analysts expect that Northstar Realty Europe Corp will post 0.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Friday, August 16th.

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.

See Also: Book Value Per Share – BVPS

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

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