Northstar Realty Europe (NRE) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “

Other analysts have also recently issued research reports about the company. ValuEngine upgraded Northstar Realty Europe from a hold rating to a buy rating in a report on Wednesday, November 7th. TheStreet upgraded Northstar Realty Europe from a d rating to a c rating in a report on Friday, October 19th. JMP Securities raised their price target on Northstar Realty Europe from $16.50 to $18.00 and gave the company a market outperform rating in a report on Tuesday, November 13th. Finally, B. Riley cut Northstar Realty Europe from a buy rating to a neutral rating and set a $18.00 price target on the stock. in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Northstar Realty Europe has an average rating of Hold and a consensus target price of $17.00.



Shares of NRE stock traded up $0.11 during trading hours on Tuesday, hitting $16.32. 81,373 shares of the company’s stock were exchanged, compared to its average volume of 252,761. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.07. Northstar Realty Europe has a 52 week low of $10.08 and a 52 week high of $16.78.

Northstar Realty Europe (NYSE:NRE) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). The business had revenue of $28.99 million for the quarter, compared to the consensus estimate of $30.63 million. Northstar Realty Europe had a return on equity of 8.37% and a net margin of 29.13%. As a group, analysts predict that Northstar Realty Europe will post 0.92 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of NRE. Centaurus Financial Inc. bought a new position in Northstar Realty Europe in the second quarter valued at about $119,000. Tower Research Capital LLC TRC boosted its holdings in Northstar Realty Europe by 305.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,277 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 6,234 shares during the last quarter. PEAK6 Investments LLC bought a new position in Northstar Realty Europe in the third quarter valued at about $160,000. State of Alaska Department of Revenue bought a new position in Northstar Realty Europe in the third quarter valued at about $202,000. Finally, Capital Fund Management S.A. bought a new position in Northstar Realty Europe in the third quarter valued at about $292,000. Institutional investors and hedge funds own 65.61% of the company’s stock.

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.

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