North Run Capital Lp Lowers stake in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : North Run Capital Lp reduced its stake in Northstar Realty Finance Corp by 41.51% during the most recent quarter end. The investment management company now holds a total of 1,550,000 shares of Northstar Realty Finance Corp which is valued at $20,289,500 after selling 1,100,000 shares in Northstar Realty Finance Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Northstar Realty Finance Corp makes up approximately 3.04% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd reduced its stake in NRF by selling 3,540 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 114,820 shares of NRF which is valued at $1,502,994. Northstar Realty Finance Corp makes up approx 0.03% of Nomura Asset Management Co Ltd’s portfolio.Diam Ltd. reduced its stake in NRF by selling 60,002 shares or 13.63% in the most recent quarter. The Hedge Fund company now holds 380,160 shares of NRF which is valued at $5,135,962. Northstar Realty Finance Corp makes up approx 0.07% of Diam Ltd.’s portfolio.Mariner Investment Group boosted its stake in NRF in the latest quarter, The investment management firm added 57,800 additional shares and now holds a total of 100,000 shares of Northstar Realty Finance Corp which is valued at $1,351,000. Northstar Realty Finance Corp makes up approx 0.44% of Mariner Investment Group’s portfolio.Jnba Financial Advisors boosted its stake in NRF in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 2,595 shares of Northstar Realty Finance Corp which is valued at $33,242. Northstar Realty Finance Corp makes up approx 0.01% of Jnba Financial Advisors’s portfolio.First Manhattan Co reduced its stake in NRF by selling 107 shares or 12.49% in the most recent quarter. The Hedge Fund company now holds 750 shares of NRF which is valued at $9,743.

Northstar Realty Finance Corp opened for trading at $12.89 and hit $13.11 on the upside on Monday, eventually ending the session at $13.02, with a gain of 1.32% or 0.17 points. The heightened volatility saw the trading volume jump to 8,65,324 shares. Company has a market cap of $2,353 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 Downgraded by FBR Capital on Jun 1, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 12.75 from a previous price target of $18 .

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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