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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Oct 15, 2013 9:48 AM Flag

    JMP raises price target to 11.00

    JMP today raised price target from 9.50 to 11.00 citing multiple factors all from 2Q report and 10/1 presentation at JMP which used 8/2 presentation data.

    Report on Ameritrade active trader in Java so I could not copy & paste.

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    • Dar ... I was able to cut and copy the JMP update, thanks for the heads up

      In the report, JMP Securities noted, We reiterate our Market Outperform rating and raise our price target on NorthStar Realty shares to $11.00 from $9.50. After two client events with NorthStar management since the company's 2Q13 earnings call in early August, including a presentation by NRF at the JMP Securities Financial Services and Real Estate Conference in New York on October 1, we reiterate our Market Outperform rating on this internally managed, well-diversified commercial mortgage REIT. Among other recent highlights, NorthStar has announced a second investment in real estate private equity funds amounting to $357M of committed capital at an expected 20% return on equity; completed the full $1.1B of capital registered for its first non-traded REIT; announced a 2Q13 dividend of $0.20 per share, representing its eighth consecutive quarterly dividend increase; and completed a follow-on equity offering of 40.3M shares at $9.60 per share, providing net proceeds of $376.1M.

      NorthStar Realty Finance Corp. closed on Monday at $9.46.

      Sentiment: Strong Buy

 
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18.14-0.07(-0.38%)May 22 4:03 PMEDT