Northstar Realty Europe Corp (NYSE:NRE) had declared a cash dividend of $0.1500 on Aug 3, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Aug 3, 2016 share price, the yield comes out to be 6.5862%. The dividend payable date has been fixed on Aug 19, 2016.
Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Judith A Hannaway (director) sold 4,913 shares at $11.49 per share price.Also, On Dec 8, 2015, Albert Tylis (director) purchased 100,000 shares at $10.85 per share price.On Dec 8, 2015, David T Hamamoto (director) purchased 191,000 shares at $10.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Northstar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European commercial real estate company with investments located across around nine countries in Europe. The Company focuses on office properties and may expand by acquiring other types of commercial real estate located across Europe. The Company’s property portfolio consists of approximately 52 properties located in European markets including Berlin Frankfurt Hamburg London Paris Amsterdam Milan Brussels and Madrid. Its portfolio primarily consists of office properties with 94% of its in-place rental income generated from office properties as of June 30 2015. It holds prime office properties in Germany the United Kingdom and France that account for approximately 71% of its in-place rental income as of June 30 2015.