Northstar Realty Finance Corp (NRF) is Downgraded by FBR Capital to Mkt Perform, Lowers Price Target to $ 12.75

Northstar Realty Finance Corp (NRF) was Downgraded by FBR Capital to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 12.75 from a previous price target of $18 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on Jun 1, 2016.

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 .

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.

Northstar Realty Finance Corp opened for trading at $13.09 and hit $13.47 on the upside on Friday, eventually ending the session at $13.35, with a gain of 1.75% or 0.23 points. The heightened volatility saw the trading volume jump to 13,27,407 shares. Company has a market cap of $2,410 M.

In a different news, on Dec 15, 2015, Charles W Schoenherr (director) purchased 3,000 shares at $16.48 per share price. According to the SEC, on Dec 4, 2015, W D Minami (director) purchased 5,000 shares at $17.25 per share price. On Nov 12, 2015, David T Hamamoto (Executive Chairman of NSAM) purchased 37,700 shares at $19.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Northstar Realty Finance Corp

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