Northstar Realty Finance (NRF) : Traders are bullish on Northstar Realty Finance (NRF) as it has outperformed the S&P 500 by a wide margin of 16.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.31% in the last 1 week, and is up 19.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Northstar Realty Finance (NYSE:NRF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.58 and $13.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.71, notching a gain of 0.81% for the day. The total traded volume was 1,116,952 . The stock had closed at $13.60 on the previous day.
The stock has recorded a 20-day Moving Average of 6.7% and the 50-Day Moving Average is 8.94%. NorthStar Realty Finance Corp. is up 8.63% in the last 3-month period. Year-to-Date the stock performance stands at -14.46%.
Northstar Realty Finance (NRF) stock is expected to deviate a maximum of $4.96 from the average target price of $19.81 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $13.
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.