NorthStar Realty Europe Corp (NRE) was Downgraded to a Hold Rating at B.Riley FBR


NorthStar Realty Europe Corp (NRE) received a Hold rating and a $18 price target from B.Riley FBR analyst Bryan Maher today. The company’s shares closed yesterday at $16.51, close to its 52-week high of $16.78.

According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.3% and a 51.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.

NorthStar Realty Europe Corp has an analyst consensus of Hold, with a price target consensus of $18.

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Based on NorthStar Realty Europe Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $552K. In comparison, last year the company had a GAAP net loss of $6.77 million.

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NorthStar Realty Europe Corp. is a real estate investment trust focused on prime office properties. It operates through the following business segments: Real Estate Equity, Preferred Equity, and Corporate. The Real Estate Equity segment focuses on European prime office properties located in key cities within Germany, the United Kingdom and France.

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