Northstar Realty Finance (NRF) has been under a strong bear grip, hence the stock is down -0.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 7.97% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.58% in the last 1 week, and is up 3.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.43% and the 50-Day Moving Average is 0.36%.
Northstar Realty Finance (NYSE:NRF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.65 and $12.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.58, notching a gain of 0.16% for the day. The total traded volume was 1,315,421 . The stock had closed at $12.56 on the previous day.
The company Insiders own 2.39% of Northstar Realty Finance shares according to the proxy statements. Institutional Investors own 75.32% of Northstar Realty Finance shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Northstar Realty Finance Corp., Schoenherr Charles W, had purchased 3,000 shares in a transaction dated on December 11, 2015. The transaction was executed at $16.48 per share with total amount equaling $49,440.
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.