Hollencrest Securities Lowers stake in Northstar Realty Finance Corp (NRF)

Northstar Realty Finance Corp (NRF) : Hollencrest Securities reduced its stake in Northstar Realty Finance Corp by 6.63% during the most recent quarter end. The investment management company now holds a total of 77,490 shares of Northstar Realty Finance Corp which is valued at $1,015,119 after selling 5,500 shares in Northstar Realty Finance Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Northstar Realty Finance Corp makes up approximately 0.15% of Hollencrest Securities’s portfolio.

Other Hedge Funds, Including , Gradient Investments boosted its stake in NRF in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 2,686 shares of Northstar Realty Finance Corp which is valued at $35,267.Simplex Trading reduced its stake in NRF by selling 735 shares or 26.24% in the most recent quarter. The Hedge Fund company now holds 2,066 shares of NRF which is valued at $26,651.Bnp Paribas Arbitrage Sa boosted its stake in NRF in the latest quarter, The investment management firm added 61,515 additional shares and now holds a total of 89,185 shares of Northstar Realty Finance Corp which is valued at $1,179,918. Washington Trust Bank added NRF to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $622.

Northstar Realty Finance Corp closed down -0.03 points or -0.23% at $13.1 with 7,97,786 shares getting traded on Tuesday. Post opening the session at $13.05, the shares hit an intraday low of $13 and an intraday high of $13.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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