Northstar Realty Finance (NRF) has risen sharply, recording gains of 4.05% in the past 4 weeks. However, the stock has corrected -4.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.99% and the 50-Day Moving Average is 6.9%. Northstar Realty Finance (NYSE:NRF): On Fridays trading session , Opening price of the stock was $13.13 with an intraday high of $13.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.07. However, the stock managed to close at $13.09, a loss of 0.38% for the day. On the previous day, the stock had closed at $13.14. The total traded volume of the day was 1,133,026 shares.
The company Insiders own 2.39% of Northstar Realty Finance shares according to the proxy statements. Institutional Investors own 73.13% of Northstar Realty Finance shares.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio consists of healthcare, hotel, manufactured housing communities, net lease, multifamily properties and international real estate, with a focus on Europe. It also invests in other opportunistic real estate investments, such as indirect interests in real estate through real estate private equity funds. The Company also acquires hotel and certain healthcare properties through structures permitted by the real estate investment trust (REIT) investment diversification and empowerment. The Companys segments include Real Estate, Commercial Real Estate Debt (CRE debt), Commercial Real Estate Securities, N-Star CDOs and Corporate. Its real estate equity investments that operate under the RIDEA structure generate resident and hotel guest related income from short-term residential agreements.