Zacks Investment Research upgraded shares of Northstar Realty Europe (NYSE:NRE) from a hold rating to a buy rating in a report published on Wednesday, January 3rd. Zacks Investment Research currently has $15.00 price objective on the financial services provider’s stock.

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. “

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Several other equities analysts have also weighed in on NRE. ValuEngine lowered Northstar Realty Europe from a buy rating to a hold rating in a research note on Friday, December 1st. JMP Securities assumed coverage on Northstar Realty Europe in a report on Wednesday, October 4th. They set an outperform rating and a $16.50 price objective on the stock. FBR & Co began coverage on Northstar Realty Europe in a research report on Tuesday, October 31st. They issued a buy rating and a $17.00 target price for the company. Finally, B. Riley restated a buy rating and set a $17.00 price objective on shares of Northstar Realty Europe in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $16.38.

Shares of Northstar Realty Europe (NRE) traded down $0.14 during mid-day trading on Wednesday, hitting $12.13. The stock had a trading volume of 17,592 shares, compared to its average volume of 136,537. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.05 and a quick ratio of 0.05. Northstar Realty Europe has a twelve month low of $11.15 and a twelve month high of $14.70.

Northstar Realty Europe (NYSE:NRE) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. Northstar Realty Europe had a positive return on equity of 7.68% and a negative net margin of 14.48%. sell-side analysts anticipate that Northstar Realty Europe will post 0.15 earnings per share for the current fiscal year.

In other Northstar Realty Europe news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $14.54 per share, with a total value of $1,448,591.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Citigroup Inc. raised its position in Northstar Realty Europe by 31.8% during the second quarter. Citigroup Inc. now owns 8,626 shares of the financial services provider’s stock valued at $109,000 after buying an additional 2,081 shares during the period. Institutional & Family Asset Management LLC bought a new stake in shares of Northstar Realty Europe during the 3rd quarter worth about $145,000. Numeric Investors LLC bought a new stake in shares of Northstar Realty Europe during the 2nd quarter worth about $146,000. Sei Investments Co. boosted its stake in shares of Northstar Realty Europe by 135.9% during the 3rd quarter. Sei Investments Co. now owns 15,156 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 8,731 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of Northstar Realty Europe during the 2nd quarter worth about $215,000. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

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Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

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