Northstar Realty Europe (NYSE:NRE) posted its earnings results on Wednesday. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02), Morningstar.com reports. The business had revenue of $28.40 million for the quarter, compared to analyst estimates of $28.93 million. Northstar Realty Europe had a net margin of 29.13% and a return on equity of 8.37%.
NYSE:NRE opened at $17.66 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a twelve month low of $12.34 and a twelve month high of $18.44.
The firm 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 dividend of $0.15 per share. The ex-dividend date is Friday, March 22nd. This represents a $0.60 annualized dividend and a dividend yield of 3.40%.
Separately, Zacks Investment Research lowered shares of Northstar Realty Europe from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $17.00.
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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