Zazove Associates Exits Position in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : Zazove Associates has sold out all of its stake in Northstar Realty Finance Corp during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 144,902 shares of Northstar Realty Finance Corp which is valued at $1.9 Million.

Other Hedge Funds, Including , Hap Trading sold out all of its stake in NRF during the most recent quarter. The investment firm sold 174,991 shares of NRF which is valued $2.3 Million.Blackrock Advisors boosted its stake in NRF in the latest quarter, The investment management firm added 1,428 additional shares and now holds a total of 92,812 shares of Northstar Realty Finance Corp which is valued at $1.2 Million.Tiaa Cref Investment Management boosted its stake in NRF in the latest quarter, The investment management firm added 1,002,177 additional shares and now holds a total of 1,583,082 shares of Northstar Realty Finance Corp which is valued at $20.6 Million. Northstar Realty Finance Corp makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio. Lba Wealth Management sold out all of its stake in NRF during the most recent quarter. The investment firm sold 22,100 shares of NRF which is valued $287,300.

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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