The Bank of Montreal Can Buys Shares of 451,132 NorthStar Realty Finance Corp. (NRF)

The Bank of Montreal Can Buys Shares of 451,132 NorthStar Realty Finance Corp. (NRF)

Bank of Montreal Can bought a new stake in NorthStar Realty Finance Corp. (NYSE:NRF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 451,132 shares of the company’s stock, valued at approximately $5,157,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of 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 during the last quarter. Sigma Planning Corp raised its position in shares of 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 during the last quarter. Advocacy Wealth Management Services LLC raised its position in shares of NorthStar Realty Finance Corp. by 88.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 12,287 shares of the company’s stock valued at $140,000 after buying an additional 5,776 shares during the last quarter. Sterneck Capital Management LLC raised its position in shares of NorthStar Realty Finance Corp. by 13.6% in the first quarter. Sterneck Capital Management LLC now owns 14,610 shares of the company’s stock valued at $192,000 after buying an additional 1,750 shares during the last quarter. Finally, Commonwealth Financial Services LLC bought a new position in shares of NorthStar Realty Finance Corp. during the second quarter valued at $210,000. Institutional investors own 70.01% of the company’s stock.

Shares of NorthStar Realty Finance Corp. (NYSE:NRF) traded up 1.37% during mid-day trading on Wednesday, hitting $13.28. 1,366,236 shares of the company’s stock traded hands. NorthStar Realty Finance Corp. has a 1-year low of $8.38 and a 1-year high of $25.50. The stock has a 50 day moving average price of $13.06 and a 200-day moving average price of $12.90.

NorthStar Realty Finance Corp. (NYSE:NRF) last issued its quarterly earnings data 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%. Equities analysts predict that NorthStar Realty Finance Corp. will post $1.72 earnings per share for the current year.

Several brokerages have weighed in on NRF. Zacks Investment Research upgraded shares of NorthStar Realty Finance Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 4th. TheStreet lowered shares of NorthStar Realty Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.25.

NorthStar Realty Finance Corp. Company Profile

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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