Dallas, Texas 09/20/2013 (Financialstrend) – In a Wednesday-released report, Keefe, Bruyette & Woods weighed on Northstar Realty Finance Corp. (NYSE:NRF) stock and assigned it with an “outperform” rating. Numerous other analysts have also weighed on the company stock. Deutsche Bank analysts have reconfirmed their rating “buy” in the stock on 5 August and have a PT of $12.00. Zacks analysts upped the shares from an “underperform” to a “neutral” rating on 23 July and now have a PT of $10.20 on the shares. UBS AG analysts have assigned a “buy” rating on the stock and have set a $13.00 PT on the stock.
One research analyst has assigned a “hold” rating o n the stock, 6 have given it a “buy’ rating and the average rating on Northstar Realty Finance Corp. (NYSE:NRF) is a “buy” while the average PT is $10.45.
In Thursday’s trading session, Northstar Realty Finance Corp. (NYSE:NRF) stock dipped by 1.98%. The opening price of the shares was $9.60 which was also the intraday high and closed at $9.41. Approximately 4.11 million shares exchanged hands in Thursday’s trading. The average of shares traded in a period of 30 days was 3.66 million. The 52-week low of the shares is $5.55 while the 52-week high is $10.30. Northstar Realty Finance Corp. (NYSE:NRF) has a market cap of $2.36 billion.
About the company
The internally managed Northstar Realty Finance Corp. (NYSE:NRF) is a real-estate finance company. It is involved in the origination, acquisition and management of commercial real-estate debt, commercial real-estate securities and net-lease properties’ portfolios. Apart from this, it is involved asset-management and real-estate and real-estate finance-related activities. It focuses on expanding its asset-management business. It does this by raising and managing the capital on a fee-basis from various sources, like the non listed real-estate investment-trust sector, which it calls its Sponsored REIT.