Northstar Realty Finance Corp (NRF) : Penn Mutual Life Insurance Co scooped up 265,000 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 9, 2016. The investment management firm now holds a total of 458,000 shares of Northstar Realty Finance Corp which is valued at $5,949,420.Northstar Realty Finance Corp makes up approximately 5.42% of Penn Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in NRF in the latest quarter, The investment management firm added 1,307,533 additional shares and now holds a total of 2,758,719 shares of Northstar Realty Finance Corp which is valued at $35,863,347. Northstar Realty Finance Corp makes up approx 0.07% of Teachers Advisors Inc’s portfolio.Cambridge Investment Research Advisors reduced its stake in NRF by selling 4,974 shares or 5.75% in the most recent quarter. The Hedge Fund company now holds 81,575 shares of NRF which is valued at $1,060,475. Northstar Realty Finance Corp makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Russell Frank Co boosted its stake in NRF in the latest quarter, The investment management firm added 47,621 additional shares and now holds a total of 67,287 shares of Northstar Realty Finance Corp which is valued at $860,601.Investment Centers Of America Inc boosted its stake in NRF in the latest quarter, The investment management firm added 9,952 additional shares and now holds a total of 76,040 shares of Northstar Realty Finance Corp which is valued at $972,552. Northstar Realty Finance Corp makes up approx 0.11% of Investment Centers Of America Inc’s portfolio.
Northstar Realty Finance Corp closed down -0.11 points or -0.84% at $12.99 with 18,81,453 shares getting traded on Friday. Post opening the session at $13.07, the shares hit an intraday low of $12.78 and an intraday high of $13.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.