Northstar Realty Europe Corp (NYSE:NRE) Shares Sold by Gruss & Co. Inc.

Gruss & Co. Inc. trimmed its stake in shares of Northstar Realty Europe Corp (NYSE:NRE) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,836 shares of the financial services provider’s stock after selling 20,890 shares during the quarter. Northstar Realty Europe comprises 5.4% of Gruss & Co. Inc.’s holdings, making the stock its 7th biggest position. Gruss & Co. Inc. owned about 0.60% of Northstar Realty Europe worth $5,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NRE. Whittier Trust Co. increased its position in shares of Northstar Realty Europe by 6.4% in the fourth quarter. Whittier Trust Co. now owns 10,248 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 617 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Northstar Realty Europe by 6.4% in the first quarter. Nisa Investment Advisors LLC now owns 15,530 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 930 shares during the last quarter. Legal & General Group Plc lifted its stake in Northstar Realty Europe by 6.3% in the fourth quarter. Legal & General Group Plc now owns 17,744 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,052 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Northstar Realty Europe by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,382 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Northstar Realty Europe by 3.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 39,216 shares of the financial services provider’s stock valued at $529,000 after acquiring an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company’s stock.

NYSE:NRE opened at $16.13 on Thursday. Northstar Realty Europe Corp has a one year low of $12.50 and a one year high of $18.44. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.01.

Northstar Realty Europe (NYSE:NRE) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $19.17 million for the quarter, compared to analyst estimates of $18.85 million. Northstar Realty Europe had a net margin of 202.58% and a return on equity of 6.78%. On average, analysts forecast that Northstar Realty Europe Corp will post 0.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, May 10th.

A number of research firms have issued reports on NRE. Zacks Investment Research upgraded shares of Northstar Realty Europe from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, May 15th. TheStreet upgraded shares of Northstar Realty Europe from a “c” rating to a “b” rating in a research note on Friday, March 29th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.33.

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Northstar Realty Europe Company 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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Institutional Ownership by Quarter for Northstar Realty Europe (NYSE:NRE)

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