Russell Investments Group Ltd. boosted its position in shares of Northstar Realty Europe Corp (NYSE:NRE) by 41.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,047 shares of the financial services provider’s stock after buying an additional 71,259 shares during the period. Russell Investments Group Ltd. owned 0.44% of Northstar Realty Europe worth $3,113,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Private Management Group Inc. increased its stake in Northstar Realty Europe by 2.0% during the 3rd quarter. Private Management Group Inc. now owns 1,517,776 shares of the financial services provider’s stock worth $19,443,000 after buying an additional 29,853 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Northstar Realty Europe by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 492,631 shares of the financial services provider’s stock worth $6,311,000 after buying an additional 13,868 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Northstar Realty Europe during the 3rd quarter worth approximately $410,000. Sei Investments Co. increased its stake in 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 buying an additional 8,731 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Northstar Realty Europe during the 3rd quarter worth approximately $1,953,000. Institutional investors own 70.80% of the company’s stock.
Shares of Northstar Realty Europe Corp (NYSE:NRE) opened at $13.97 on Monday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.01. Northstar Realty Europe Corp has a 52-week low of $11.15 and a 52-week high of $14.70.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.29%. Northstar Realty Europe’s dividend payout ratio (DPR) is presently -171.42%.
NRE has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. FBR & Co initiated coverage on Northstar Realty Europe in a research note on Tuesday, October 31st. They set a “buy” rating and a $17.00 price objective for the company. JMP Securities began coverage on Northstar Realty Europe in a research note on Wednesday, October 4th. They set an “outperform” rating and a $16.50 price objective for the company. BidaskClub lowered Northstar Realty Europe from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine lowered Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Northstar Realty Europe has a consensus rating of “Hold” and an average price target of $16.83.
In related news, major shareholder Colony Northstar, Inc. purchased 99,628 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.
About Northstar Realty Europe
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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