Cedar Capital buys $7.8 Million stake in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : Cedar Capital scooped up 259,696 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 12, 2016. The investment management firm now holds a total of 601,822 shares of Northstar Realty Finance Corp which is valued at $7.8 Million.Northstar Realty Finance Corp makes up approximately 2.29% of Cedar Capital’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc boosted its stake in NRF in the latest quarter, The investment management firm added 1,981,987 additional shares and now holds a total of 2,427,423 shares of Northstar Realty Finance Corp which is valued at $31.5 Million. Northstar Realty Finance Corp makes up approx 0.13% of Victory Capital Management Inc’s portfolio.First Trust Advisors Lp boosted its stake in NRF in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 59,930 shares of Northstar Realty Finance Corp which is valued at $778,491.Bronfman E.l. Rothschild reduced its stake in NRF by selling 94 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 188 shares of NRF which is valued at $2,444.Swiss National Bank boosted its stake in NRF in the latest quarter, The investment management firm added 76,400 additional shares and now holds a total of 315,475 shares of Northstar Realty Finance Corp which is valued at $4.1 Million. Northstar Realty Finance Corp makes up approx 0.01% of Swiss National Bank’s portfolio.Parkwood boosted its stake in NRF in the latest quarter, The investment management firm added 3,068 additional shares and now holds a total of 20,831 shares of Northstar Realty Finance Corp which is valued at $270,803. Northstar Realty Finance Corp makes up approx 0.05% of Parkwood’s portfolio.

Northstar Realty Finance Corp opened for trading at $12.48 and hit $12.87 on the upside on Friday, eventually ending the session at $12.62, with a gain of 1.20% or 0.15 points. The heightened volatility saw the trading volume jump to 22,58,165 shares. Company has a market cap of $2,278,099 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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