Rafferty Asset Management LLC reduced its stake in shares of NorthStar Realty Finance Corp. (NYSE:NRF) by 19.6% during the second quarter, Holdings Channel reports. The institutional investor owned 19,339 shares of the company’s stock after selling 4,729 shares during the period. Rafferty Asset Management LLC’s holdings in NorthStar Realty Finance Corp. were worth $221,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of NorthStar Realty Finance Corp. by 19.4% in the first quarter. Envestnet Asset Management Inc. now owns 59,911 shares of the company’s stock valued at $786,000 after buying an additional 9,720 shares in the last quarter. Kazazian Asset Management LLC raised its position in NorthStar Realty Finance Corp. by 20.2% in the first quarter. Kazazian Asset Management LLC now owns 282,348 shares of the company’s stock worth $3,704,000 after buying an additional 47,363 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in NorthStar Realty Finance Corp. during the first quarter worth approximately $1,312,000. Geode Capital Management LLC raised its position in NorthStar Realty Finance Corp. by 4.8% in the first quarter. Geode Capital Management LLC now owns 1,157,958 shares of the company’s stock worth $15,192,000 after buying an additional 53,503 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in NorthStar Realty Finance Corp. by 61.6% in the first quarter. Lazard Asset Management LLC now owns 339,245 shares of the company’s stock worth $4,450,000 after buying an additional 129,289 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NorthStar Realty Finance Corp. (NYSE:NRF) traded down 0.837% during trading on Wednesday, hitting $12.445. The stock had a trading volume of 694,420 shares. NorthStar Realty Finance Corp. has a one year low of $8.38 and a one year high of $28.02. The stock has a 50 day moving average price of $13.22 and a 200-day moving average price of $12.87.

NorthStar Realty Finance Corp. (NYSE:NRF) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.56 EPS for the quarter. NorthStar Realty Finance Corp. had a positive return on equity of 14.82% and a negative net margin of 20.52%. Equities analysts expect that NorthStar Realty Finance Corp. will post $1.34 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research lowered NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. FBR & Co lowered NorthStar Realty Finance Corp. from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $12.75 in a research note on Wednesday, June 1st. Finally, TheStreet lowered NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.25.

About NorthStar Realty Finance Corp.

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 and multifamily properties. The Company also invests in other opportunistic real estate investments, such as indirect interests in real estate through its investments in private equity funds (PE Investments).

5 Day Chart for NYSE:NRF

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