Hollencrest Securities buys $1.1 Million stake in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : Hollencrest Securities scooped up 56,075 additional shares in Northstar Realty Finance Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 83,990 shares of Northstar Realty Finance Corp which is valued at $1.1 Million.Northstar Realty Finance Corp makes up approximately 0.19% of Hollencrest Securities’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in NRF in the latest quarter, The investment management firm added 74,000 additional shares and now holds a total of 104,000 shares of Northstar Realty Finance Corp which is valued at $1.3 Million. Northstar Realty Finance Corp makes up approx 0.18% of Pensionfund Dsm Netherlands’s portfolio.Pensionfund Sabic boosted its stake in NRF in the latest quarter, The investment management firm added 26,000 additional shares and now holds a total of 36,000 shares of Northstar Realty Finance Corp which is valued at $458,280. Northstar Realty Finance Corp makes up approx 0.14% of Pensionfund Sabic’s portfolio.

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 was Downgraded by Keefe Bruyette to ” Mkt Perform” on Feb 9, 2016.

Northstar Realty Finance Corp opened for trading at $12.75 and hit $12.965 on the upside on Monday, eventually ending the session at $12.73, with a gain of 0.55% or 0.07 points. The heightened volatility saw the trading volume jump to 12,91,864 shares. Company has a market cap of $2,347 M.

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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