Northstar Realty Finance (NYSE:NRF) has tumbled 10.25% during the past week and has dropped 3.57% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 9.17%. Northstar Realty Finance (NYSE:NRF) has underperformed the index by 4.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Northstar Realty Finance (NYSE:NRF): The stock opened at $12.37 on Friday but the bulls could not build on the opening and the stock topped out at $12.60 for the day. The stock traded down to $12.14 during the day, due to lack of any buying support eventually closed down at $12.17 with a loss of -1.06% for the day. The stock had closed at $12.30 on the previous day. The total traded volume was 3,964,738 shares.
On the companys insider trading activities, Schoenherr Charles W, director of Northstar Realty Finance Corp., executed a transaction worth $49,440 on December 11, 2015. A total of 3,000 shares were purchased at an average price of $16.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Northstar Realty Finance (NYSE:NRF). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $33 per share to $20 per share. The rating by the firm was issued on March 14, 2016. Currently the company Insiders own 2.39% of Northstar Realty Finance shares according to the proxy statements. Institutional Investors own 75.25% of Northstar Realty Finance shares.
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 Companys 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.