Teachers Insurance & Annuity Association of America increased its holdings in NorthStar Realty Europe (NYSE:NRE) by 15.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,499 shares of the financial services provider’s stock after purchasing an additional 9,699 shares during the period. Teachers Insurance & Annuity Association of America owned approximately 0.13% of NorthStar Realty Europe worth $931,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in NorthStar Realty Europe by 13.5% during the 3rd quarter. Wells Fargo & Company MN now owns 131,161 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 15,644 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NorthStar Realty Europe by 7.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 718,834 shares of the financial services provider’s stock valued at $9,209,000 after buying an additional 48,406 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in NorthStar Realty Europe by 6.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 599,867 shares of the financial services provider’s stock valued at $8,057,000 after buying an additional 38,825 shares during the last quarter. Acadian Asset Management LLC raised its holdings in NorthStar Realty Europe by 4.3% during the 4th quarter. Acadian Asset Management LLC now owns 2,004,770 shares of the financial services provider’s stock valued at $26,925,000 after buying an additional 82,483 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in NorthStar Realty Europe during the 4th quarter valued at $282,000. 71.18% of the stock is owned by institutional investors.
Get NorthStar Realty Europe alerts:NYSE:NRE opened at $13.87 on Friday. NorthStar Realty Europe has a 52 week low of $14.00 and a 52 week high of $14.05. The company has a quick ratio of 0.06, a current ratio of 0.05 and a debt-to-equity ratio of 0.01.
NorthStar Realty Europe (NYSE:NRE) last posted its quarterly earnings results on Thursday, May 10th. The financial services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). NorthStar Realty Europe had a negative net margin of 12.85% and a positive return on equity of 8.12%. The firm had revenue of $33.57 million for the quarter, compared to the consensus estimate of $32.86 million. equities research analysts expect that NorthStar Realty Europe will post 0.91 EPS for the current year.
NorthStar Realty Europe declared that its Board of Directors has approved a stock buyback program on Tuesday, March 13th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $0.60 annualized dividend and a yield of 4.33%.
A number of equities research analysts recently commented on NRE shares. B. Riley set a $18.00 price target on shares of NorthStar Realty Europe and gave the company a “buy” rating in a report on Thursday, March 15th. ValuEngine lowered shares of NorthStar Realty Europe from a “buy” rating to a “hold” rating in a report on Monday. Finally, Zacks Investment Research lowered shares of NorthStar Realty Europe from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.38.
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 NorthStar, Inc (NYSE: CLNS), a leading global equity REIT with an embedded investment management platform.
Want to see what other hedge funds are holding NRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthStar Realty Europe (NYSE:NRE).
No comments:
Post a Comment