Voya Investment Management LLC Sells 4,614 Shares of Northstar Realty Europe Corp (NRE)

Voya Investment Management LLC cut its holdings in Northstar Realty Europe Corp (NYSE:NRE) by 16.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,329 shares of the financial services provider’s stock after selling 4,614 shares during the period. Voya Investment Management LLC’s holdings in Northstar Realty Europe were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. TCW Group Inc. increased its holdings in Northstar Realty Europe by 1,876.5% during the second quarter. TCW Group Inc. now owns 317,921 shares of the financial services provider’s stock worth $4,606,000 after buying an additional 301,836 shares during the last quarter. Standard Life Aberdeen plc acquired a new position in Northstar Realty Europe during the second quarter worth $4,082,000. Renaissance Technologies LLC increased its holdings in Northstar Realty Europe by 43.0% during the second quarter. Renaissance Technologies LLC now owns 680,800 shares of the financial services provider’s stock worth $9,865,000 after buying an additional 204,700 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in Northstar Realty Europe during the second quarter worth $1,316,000. Finally, Bank of Montreal Can acquired a new position in Northstar Realty Europe during the second quarter worth $558,000. Institutional investors own 68.37% of the company’s stock.

NRE stock opened at $13.20 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.01. Northstar Realty Europe Corp has a one year low of $10.08 and a one year high of $14.81.



Northstar Realty Europe (NYSE:NRE) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Northstar Realty Europe had a return on equity of 8.27% and a net margin of 22.39%. The company had revenue of $31.01 million for the quarter, compared to the consensus estimate of $32.37 million. Sell-side analysts expect that Northstar Realty Europe Corp will post 0.96 EPS for the current fiscal year.

NRE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Northstar Realty Europe from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. B. Riley set a $18.00 target price on shares of Northstar Realty Europe and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, ValuEngine downgraded shares of Northstar Realty Europe from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th.

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

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