Dupont Capital Management Corp Takes Position in Northstar Realty Europe Corp (NRE)

Dupont Capital Management Corp Takes Position in Northstar Realty Europe Corp (NRE)

Dupont Capital Management Corp purchased a new position in shares of Northstar Realty Europe Corp (NYSE:NRE) during the first quarter, HoldingsChannel.com reports. The fund purchased 39,497 shares of the financial services provider’s stock, valued at approximately $686,000.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of Northstar Realty Europe by 20.6% in the 3rd quarter. LPL Financial LLC now owns 21,682 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 3,711 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Northstar Realty Europe by 19.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 35,825 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 5,813 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Northstar Realty Europe in the 3rd quarter worth $616,000. Nisa Investment Advisors LLC increased its holdings in shares of Northstar Realty Europe by 265.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Northstar Realty Europe by 139.2% in the 4th quarter. Bank of Montreal Can now owns 91,958 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 53,522 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Shares of NRE opened at $17.45 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.01. Northstar Realty Europe Corp has a one year low of $12.50 and a one year high of $18.44.

Northstar Realty Europe (NYSE:NRE) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Northstar Realty Europe had a return on equity of 7.84% and a net margin of 168.54%. The company had revenue of $19.17 million during the quarter, compared to analyst estimates of $18.85 million. On average, research analysts predict that Northstar Realty Europe Corp will post 0.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, May 10th.

NRE has been the subject of a number of research analyst reports. TheStreet raised Northstar Realty Europe from a “c” rating to a “b” rating in a report on Friday, March 29th. Zacks Investment Research raised Northstar Realty Europe from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Northstar Realty Europe Company Profile

NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.

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