Northstar Realty Europe Corp (NYSE:NRE) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Stockholders of record on Monday, August 19th will be given a dividend of 0.15 per share by the financial services provider on Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, August 16th.
Northstar Realty Europe has raised its dividend by an average of 58.7% per year over the last three years. Northstar Realty Europe has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northstar Realty Europe to earn $0.56 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 107.1%.
NYSE NRE opened at $17.05 on Wednesday. The company’s 50-day moving average is $16.84. Northstar Realty Europe has a 12 month low of $12.50 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.69 and a quick ratio of 0.69.
Northstar Realty Europe (NYSE:NRE) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The business had revenue of $18.16 million for the quarter, compared to analyst estimates of $18.69 million. Northstar Realty Europe had a return on equity of 5.70% and a net margin of 190.52%. On average, analysts expect that Northstar Realty Europe will post 0.55 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Northstar Realty Europe from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. JMP Securities downgraded shares of Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a research report on Friday, July 5th. Finally, B. Riley set a $17.00 target price on shares of Northstar Realty Europe and gave the stock a “hold” rating in a research report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.00.
Northstar Realty Europe Company Profile
NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony Capital, Inc (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.
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