Northstar Realty Finance Corp Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Northstar Realty Finance Corp Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Northstar Realty Finance Corp (NRF) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NRF increase. With 500 contracts traded and 11834 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NRF170120C00013000 closed last at: $1.65 or 10.8% down. About 201,503 shares traded hands. Northstar Realty Finance Corp (NYSE:NRF) has risen 10.65% since April 1, 2016 and is uptrending. It has outperformed by 9.43% the S&P500.

Analysts await Northstar Realty Finance Corp (NYSE:NRF) to report earnings on November, 14. They expect $0.56 earnings per share, down 34.12% or $0.29 from last year’s $0.85 per share. NRF’s profit will be $100.97M for 6.44 P/E if the $0.56 EPS becomes a reality. After $0.56 actual earnings per share reported by Northstar Realty Finance Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Northstar Realty Finance Corp (NYSE:NRF) Ratings Coverage

Out of 4 analysts covering NorthStar Realty Finance (NYSE:NRF), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $23 is the highest target while $12.75 is the lowest. The $17.25 average target is 19.63% above today’s ($14.42) stock price. NorthStar Realty Finance has been the topic of 8 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, March 14 by Deutsche Bank. Keefe Bruyette & Woods downgraded the shares of NRF in a report on Tuesday, February 9 to “Market Perform” rating. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, June 1. The firm earned “Outperform” rating on Monday, March 7 by FBR Capital. FBR Capital upgraded the shares of NRF in a report on Friday, October 21 to “Outperform” rating.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 0.5 in Q2 2016. Its up 0.12, from 0.38 in 2016Q1. The ratio increased, as 3 funds sold all Northstar Realty Finance Corp shares owned while 1 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 8,090 shares or 98.42% less from 512,093 shares in 2016Q1.
Moreover, Focused Wealth Inc has 0.03% invested in Northstar Realty Finance Corp (NYSE:NRF) for 5,490 shares. The Illinois-based Department Mb Finance National Bank & Trust N A has invested 0% in Northstar Realty Finance Corp (NYSE:NRF). Jnba Fincl Advisors reported 2,595 shares or 0.01% of all its holdings.

NorthStar Realty Finance Corp. is a commercial real estate company. The company has a market cap of $2.60 billion. The Firm invests in multiple asset classes across commercial real estate . It currently has negative earnings. The Company’s portfolio consists of healthcare, hotel, manufactured housing communities, net lease and multifamily properties.

NRF Company Profile

NorthStar Realty Finance Corp., incorporated on October 21, 2004, is a commercial real estate company. The Firm invests in multiple asset classes across commercial real estate (CRE). The Company’s portfolio consists of healthcare, hotel, manufactured housing communities, net lease and multifamily properties. The Firm also invests in other opportunistic real estate investments, such as indirect interests in real estate through its investments in private equity funds (PE Investments). The Firm also acquires and operates hotel and certain healthcare properties. The Company’s divisions include Real Estate, Commercial Real Estate Debt (CRE debt), Commercial Real Estate Securities, N-Star CDOs and Corporate. The Company’s real estate equity investments that operate under the REIT Investment Diversification and Empowerment Act (RIDEA) structure generate resident and hotel guest related income from short-term residential agreements. The Firm is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc.

More notable recent Northstar Realty Finance Corp (NYSE:NRF) news were published by: Nasdaq.com which released: “Ex-Div Reminder for NorthStar Realty Finance Corp’s Series B Cumulative …” on November 01, 2016, also Forbes.com with their article: “NorthStar Realty Finance (NRF) Passes Through 11% Yield Mark” published on October 24, 2016, Prnewswire.com published: “NorthStar Realty Finance Declares Third Quarter Common Stock Dividend” on November 01, 2016. More interesting news about Northstar Realty Finance Corp (NYSE:NRF) were released by: Fool.com and their article: “Why NorthStar Realty Finance Corp. Stock Plummeted Today” published on February 09, 2016 as well as Nasdaq.com‘s news article titled: “Commit To Buy NorthStar Realty Finance Corp At $10, Earn 10.5% Using Options” with publication date: September 15, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment