Teachers Insurance & Annuity Association of America lowered its stake in Northstar Realty Europe Corp (NYSE:NRE) by 60.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,338 shares of the financial services provider’s stock after selling 24,981 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Northstar Realty Europe were worth $268,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in NRE. Northern Trust Corp boosted its stake in shares of Northstar Realty Europe by 0.5% in the second quarter. Northern Trust Corp now owns 606,089 shares of the financial services provider’s stock valued at $9,957,000 after buying an additional 3,060 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Northstar Realty Europe in the second quarter worth $754,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Northstar Realty Europe by 2.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 677,120 shares of the financial services provider’s stock worth $11,126,000 after acquiring an additional 17,844 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Northstar Realty Europe by 7.6% in the second quarter. Bank of Montreal Can now owns 135,641 shares of the financial services provider’s stock worth $2,229,000 after acquiring an additional 9,609 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Northstar Realty Europe by 126.9% in the second quarter. Russell Investments Group Ltd. now owns 9,223 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 5,159 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.
NRE traded down $0.02 during trading hours on Thursday, hitting $16.98. The company’s stock had a trading volume of 385,940 shares, compared to its average volume of 541,413. The company has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $17.07. 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 fifty-two week low of $12.50 and a fifty-two week high of $18.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 3.53%.
NRE has been the subject of several analyst reports. Zacks Investment Research lowered Northstar Realty Europe from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. B. Riley set a $17.00 target price on Northstar Realty Europe and gave the stock a “hold” rating in a research report on Friday, July 5th. Finally, JMP Securities downgraded Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a report on Friday, July 5th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Northstar Realty Europe has an average rating of “Hold” and an average price target of $18.00.
Northstar Realty Europe 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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