Northstar Realty Finance Corp. (NYSE:NRF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Friday.

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 the stock. FBR & Co upgraded shares of Northstar Realty Finance Corp. from a “market perform” rating to an “outperform” rating and increased their price target for the company from $12.75 to $16.00 in a report on Friday, October 21st. JMP Securities reiterated a “hold” rating on shares of Northstar Realty Finance Corp. in a report on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.33.

Analyst Recommendations for Northstar Realty Finance Corp. (NYSE:NRF)

Northstar Realty Finance Corp. (NYSE:NRF) opened at 15.15 on Friday. Northstar Realty Finance Corp. has a 1-year low of $8.38 and a 1-year high of $17.13. The company has a 50-day moving average of $14.98 and a 200-day moving average of $13.54.

Northstar Realty Finance Corp. (NYSE:NRF) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. Northstar Realty Finance Corp. had a positive return on equity of 14.64% and a negative net margin of 18.73%. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Equities analysts expect that Northstar Realty Finance Corp. will post $2.06 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC purchased a new stake in Northstar Realty Finance Corp. during the second quarter worth approximately $28,835,000. FMR LLC boosted its stake in Northstar Realty Finance Corp. by 26.6% in the second quarter. FMR LLC now owns 9,827,611 shares of the company’s stock worth $112,329,000 after buying an additional 2,067,400 shares during the last quarter. Bloom Tree Partners LLC purchased a new stake in Northstar Realty Finance Corp. during the second quarter worth approximately $21,873,000. CNH Partners LLC purchased a new stake in Northstar Realty Finance Corp. during the second quarter worth approximately $14,868,000. Finally, Brown Advisory Inc. boosted its stake in Northstar Realty Finance Corp. by 57.8% in the second quarter. Brown Advisory Inc. now owns 2,904,107 shares of the company’s stock worth $33,194,000 after buying an additional 1,063,421 shares during the last quarter. Hedge funds and other institutional investors own 69.68% of the company’s stock.

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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