It is currently trading at $13.64 just a bit higher than the 50 day moving average which is $13.01 and barely above the 200 day moving average of $12.53. The 50 day moving average was up by +4.80% and the 200 day average went up $1.11 or +8.90%. Trading volume for NorthStar Realty Europe Corp. was 1,222 on Tuesday. Trading volume was down 99.75% under the stocks average daily volume.
Investors are feeling more bullish on the company lately if you watch the downtick in short interest. The firm had a fall in short interest between September 15, 2017 and September 29, 2017 of -11.74%. Short shares decreased from 561,176 to 495,299 over that timeframe. The days to cover decreased to 3.0 and the percentage of shorted shares was 0.01% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (NRE). As of the end of the quarter Advisory Services Network, LLC had sold 82 shares trimming its stake by 22.8%. The value of the investment in NRE went from $5,000 to $4,000 decreasing 20.0% since the last quarter. Creative Planning added to its position by buying 220 shares an increase of 1.7% as of 09/30/2017. Creative Planning now controls 13,131 shares valued at $168,000. The value of the position overall is up by 2.4%.
Nisa Investment Advisors, LLC augmented its investment by buying 10,700 shares an increase of 92.2% in the quarter. Nisa Investment Advisors, LLC claims 22,300 shares with a value of $286,000. The total value of its holdings increased 101.4%. As of quarter end Winslow, Evans & Crocker, Inc. had disposed of a total of 28 shares trimming its holdings by 24.6%. The value of the investment in (NRE) decreased from $1,446,000 to $1,102,000 a change of $344,000 quarter to quarter.
On October 4 analysts at JMP Securities began coverage with a rating of “Market Outperform”.
The company is now down by 0.80%% since yesterday’s close of 13.75. Additionally NorthStar Realty Europe Corp. announced a dividend for shareholders that was paid on Friday the 18th of August 2017. The dividend was $0.150 per share for the quarter or $0.60 annualized. This dividend represents a yield of $4.37 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 10th of August 2017.
NorthStar Realty Europe Corp., launched on June 18, 2015, is a real estate investment trust (REIT). The Company conducts its business through two segments: Real Estate and Corporate. The European commercial real estate business is focused on office properties located in various cities within Germany, the United Kingdom and France. As of December 31, 2016, the Company owned 11 properties in Germany. As of December 31, 2016, the Company owned five properties in the United Kingdom, and four properties in France..