Senvest Management buys $80.3 Million stake in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : Senvest Management scooped up 1,957,451 additional shares in Northstar Realty Finance Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 6,184,039 shares of Northstar Realty Finance Corp which is valued at $80.3 Million.Northstar Realty Finance Corp makes up approximately 7.14% of Senvest Management’s portfolio.

Other Hedge Funds, Including , Ascend Capital boosted its stake in NRF in the latest quarter, The investment management firm added 1,405,116 additional shares and now holds a total of 1,450,000 shares of Northstar Realty Finance Corp which is valued at $18.8 Million. Northstar Realty Finance Corp makes up approx 1.92% of Ascend Capital’s portfolio. Ashford Investment Management sold out all of its stake in NRF during the most recent quarter. The investment firm sold 190,500 shares of NRF which is valued $2.5 Million.Ironsides Asset Advisors boosted its stake in NRF in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 35,305 shares of Northstar Realty Finance Corp which is valued at $458,965. Northstar Realty Finance Corp makes up approx 0.04% of Ironsides Asset Advisors’s portfolio.Quantbot Technologies Lp reduced its stake in NRF by selling 27,300 shares or 95.69% in the most recent quarter. The Hedge Fund company now holds 1,231 shares of NRF which is valued at $15,744.State Of New Jersey Common Pension Fund D reduced its stake in NRF by selling 761,032 shares or 79.19% in the most recent quarter. The Hedge Fund company now holds 200,000 shares of NRF which is valued at $2.6 Million. Northstar Realty Finance Corp makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.

Northstar Realty Finance Corp opened for trading at $12.61 and hit $13.15 on the upside on Wednesday, eventually ending the session at $13.15, with a gain of 4.45% or 0.56 points. The heightened volatility saw the trading volume jump to 13,64,547 shares. Company has a market cap of $2,374 M.

On the company’s financial health, Northstar Realty Finance Corp reported $-0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.79 based on the information available during the earnings call on Nov 9, 2015. Analyst had a consensus of $0.10. The company had revenue of $528.20 million for the quarter, compared to analysts expectations of $477.19 million. The company’s revenue was up 171.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.

Many Wall Street Analysts have commented on Northstar Realty Finance Corp. Shares were Reiterated by Deutsche Bank on Mar 14, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $33 .Shares were Reiterated by FBR Capital on Mar 7, 2016 to “Outperform” and Lowered the Price Target to $ 18 from a previous price target of $28 .

NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio consists of healthcare hotel manufactured housing communities net lease multifamily properties and international real estate with a focus on Europe. It also invests in other opportunistic real estate investments such as indirect interests in real estate through real estate private equity funds. The Company also acquires hotel and certain healthcare properties through structures permitted by the real estate investment trust (REIT) investment diversification and empowerment. The Company’s segments include Real Estate Commercial Real Estate Debt (CRE debt) Commercial Real Estate Securities N-Star CDOs and Corporate. Its real estate equity investments that operate under the RIDEA structure generate resident and hotel guest related income from short-term residential agreements.

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