Northstar Realty Europe (NYSE:NRE) Stock Price Crosses Above 200-Day Moving Average of $0.00

Northstar Realty Europe Corp (NYSE:NRE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $15.61. Northstar Realty Europe shares last traded at $15.56, with a volume of 2,968 shares trading hands.

NRE has been the topic of several recent analyst reports. TheStreet raised shares of Northstar Realty Europe from a “c” rating to a “b” rating in a report on Friday, March 29th. Zacks Investment Research raised shares of Northstar Realty Europe from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Northstar Realty Europe has a consensus rating of “Buy” and a consensus price target of $18.33.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.68 and a current ratio of 0.68. The business’s 50 day simple moving average is $16.51.

Northstar Realty Europe (NYSE:NRE) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Northstar Realty Europe had a net margin of 202.58% and a return on equity of 6.78%. The firm had revenue of $19.17 million during the quarter, compared to analyst estimates of $18.85 million. As a group, sell-side analysts expect that Northstar Realty Europe Corp will post 0.55 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Northstar Realty Europe by 6.4% during the first quarter. Nisa Investment Advisors LLC now owns 15,530 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 930 shares during the last quarter. Legal & General Group Plc increased its stake in Northstar Realty Europe by 6.3% during the fourth quarter. Legal & General Group Plc now owns 17,744 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,052 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Northstar Realty Europe by 16.7% during the first quarter. Daiwa Securities Group Inc. now owns 8,382 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,200 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Northstar Realty Europe by 3.9% during 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 purchasing an additional 1,465 shares during the last quarter. Finally, LS Investment Advisors LLC bought a new stake in Northstar Realty Europe during the first quarter valued at $25,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Northstar Realty Europe Company Profile (NYSE:NRE)

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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