Northstar Realty Europe Corp (NRE) To Go Ex-Dividend on August 16th

Northstar Realty Europe Corp (NYSE:NRE) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Shareholders 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 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% annually over the last three years. Northstar Realty Europe has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

NRE stock traded up $0.01 during trading hours on Wednesday, reaching $17.06. 4,435 shares of the stock were exchanged, compared to its average volume of 540,668. The firm’s 50-day simple moving average is $16.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. Northstar Realty Europe has a 12 month low of $12.50 and a 12 month high of $18.44.

Northstar Realty Europe (NYSE:NRE) last released 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 firm had revenue of $18.16 million for the quarter, compared to the consensus estimate 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 forecast that Northstar Realty Europe will post 0.55 earnings per share for the current fiscal year.

A number of research firms have issued reports on NRE. B. Riley set a $17.00 target price on Northstar Realty Europe and gave the stock a “hold” rating in a report on Friday, July 5th. Zacks Investment Research cut Northstar Realty Europe from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, JMP Securities cut Northstar Realty Europe from a “mkt outperform” rating to a “market perform” rating in a report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Northstar Realty Europe presently has a consensus rating of “Hold” and an average target price of $18.00.

About Northstar Realty Europe

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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Dividend History for Northstar Realty Europe (NYSE:NRE)

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