Zacks Investment Research downgraded shares of NorthStar Realty Finance Corp. (NYSE:NRF) from a hold rating to a sell rating in a report published on Thursday morning.

According to Zacks, “NorthStar Realty Finance Corp. is an internally-managed REIT that makes fixed income, structured finance and net lease investments in commercial real estate assets. NorthStar Realty’s business consists of three core business lines: subordinate real estate debt, real estate securities and net lease properties. “

A number of other equities research analysts have also recently commented on NRF. FBR & Co cut shares of NorthStar Realty Finance Corp. from an outperform rating to a market perform rating and lowered their price objective for the company from $18.00 to $12.75 in a research note on Wednesday, June 1st. TheStreet cut shares of 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 issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $15.25.

Shares of NorthStar Realty Finance Corp. (NYSE:NRF) opened at 12.55 on Thursday. The stock has a 50 day moving average of $13.22 and a 200-day moving average of $12.87. NorthStar Realty Finance Corp. has a 1-year low of $8.38 and a 1-year high of $28.02.

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

Several large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in NorthStar Realty Finance Corp. by 179.5% in the first quarter. Bessemer Group Inc. now owns 7,924 shares of the company’s stock valued at $104,000 after buying an additional 5,089 shares in the last quarter. Profund Advisors LLC purchased a new stake in NorthStar Realty Finance Corp. during the second quarter valued at about $123,000. Aviance Capital Partners LLC purchased a new stake in NorthStar Realty Finance Corp. during the second quarter valued at about $127,000. Barclays PLC boosted its stake in NorthStar Realty Finance Corp. by 14.4% in the first quarter. Barclays PLC now owns 9,866 shares of the company’s stock valued at $128,000 after buying an additional 1,242 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in NorthStar Realty Finance Corp. by 13.5% in the second quarter. Sigma Planning Corp now owns 11,966 shares of the company’s stock valued at $137,000 after buying an additional 1,427 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

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).

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