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Calamos Convertible Opportuniti Message Board

barbkel1 28 posts  |  Last Activity: 2 hours 45 minutes ago Member since: Oct 27, 2000
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  • Northstar Realty Finance Corp (NRF) is Berson & Corrado Investment Advisors’ Largest Position

    Posted by Stephanie Chan on Jan 18th, 2016 // No Comments


    Northstar Realty Finance Corp logoBerson & Corrado Investment Advisors raised its stake in shares of Northstar Realty Finance Corp (NYSE:NRF) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,354 shares of the company’s stock after buying an additional 95,834 shares during the period. Northstar Realty Finance Corp makes up approximately 5.4% of Berson & Corrado Investment Advisors’ investment portfolio, making the stock its largest position. Berson & Corrado Investment Advisors’ holdings in Northstar Realty Finance Corp were worth $9,261,000 at the end of the most recent quarter.

    A number of other institutional investors have also made changes to their positions in NRF. Creative Planning raised its position in shares of Northstar Realty Finance Corp by 5.5% in the fourth quarter. Creative Planning now owns 39,788 shares of the company’s stock valued at $678,000 after buying an additional 2,077 shares in the last quarter. Hollencrest Securities raised its stake in Northstar Realty Finance Corp by 69.1% in the fourth quarter. Hollencrest Securities now owns 27,915 shares of the company’s stock valued at $475,000 after buying an additional 11,410 shares during the period. Pensionfund DSM Netherlands purchased a new stake in Northstar Realty Finance Corp during the fourth quarter valued at $511,000. ING Groep raised its stake in Northstar Realty Finance Corp by 56.5% in the third quarter. ING Groep now owns 450,000 shares of the company’s stock valued at $11,106,000 after buying an additional 162,500 shares during the period. Finally, EJF Capital raised its stake in Northstar Realty Finance Corp by 5,770.6% in the third quarter. EJF Capital now owns 2,495,000 shares of the company’s stock valued at $61,627,000 after buying an additional 2,452,500 shares during the period.

    Shares of Northstar Realty Finance Corp (NYSE:NRF) opened at 12.20 on Monday. The stock’s 50 day moving average is $16.20 and its 200 day moving average is $24.26. Northstar Realty Finance Corp has a 12 month low of $12.05 and a 12 month high of $39.48.





    Northstar Realty Finance Corp (NYSE:NRF) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.79. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The company had revenue of $528.20 million for the quarter, compared to the consensus estimate of $59.51 million. The company’s revenue was up 171.8% compared to the same quarter last year. On average, analysts anticipate that Northstar Realty Finance Corp will post $1.34 earnings per share for the current fiscal year.

    NRF has been the topic of several analyst reports. Deutsche Bank reiterated a “buy” rating on shares of Northstar Realty Finance Corp in a report on Wednesday, December 2nd. Keefe, Bruyette & Woods cut their target price on shares of Northstar Realty Finance Corp from $42.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Northstar Realty Finance Corp in a report on Saturday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Northstar Realty Finance Corp currently has an average rating of “Buy” and an average target price of $37.13.

    In related news, CEO Albert Tylis purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were bought at an average cost of $19.05 per share, with a total value of $952,500.00. Following the acquisition, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $952,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David T. Hamamoto purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were bought at an average cost of $19.09 per share, for a total transaction of $1,909,000.00. Following the completion of the acquisition, the chairman now directly owns 290,572 shares in the company, valued at approximately $5,547,019.48. The disclosure for this purchase can be found here.

    NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (NYSE:NRF). 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 Company’s 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

  • This has to be the bottom or close to it.

  • Who is really buying? Mutual funds?

  • Reply to

    NRF got a mention on CNBC today

    by tbar900 Jan 20, 2016 7:44 PM
    barbkel1 barbkel1 Jan 20, 2016 9:41 PM Flag

    I think she would not have bought it without studying the company. I think she is conservative.

  • barbkel1 by barbkel1 Jan 20, 2016 3:20 PM Flag

    IN. Also look at the pref stock

  • Reply to

    Futures already deep under water at 9:36 PM.

    by jridley17 Jan 19, 2016 9:38 PM
    barbkel1 barbkel1 Jan 19, 2016 9:45 PM Flag

    It is correct. Thanks to China and Japan

  • The following was sentence from a review posted by Seeking Alpha on Jan 6th. .
    "NRF technically pays a 17.7% annual dividend. However, a more conservative estimate might be 11.8%annually. " SA did not explain why they said this about NRF div. Any ideas??

  • barbkel1 by barbkel1 Jan 14, 2016 9:58 AM Flag

    I will buy back in at $10.00

  • barbkel1 by barbkel1 Jan 13, 2016 2:50 PM Flag

    What do you think the dividend cut will be. I think they will cut it by a 1/3.

  • Reply to

    Is Bankruptcy Imminent ?

    by utahmick Jan 12, 2016 7:52 PM
    barbkel1 barbkel1 Jan 13, 2016 12:22 PM Flag

    I am out 20% i had this for 3 weeks. It must really be bad what ever the news is.

  • barbkel1 by barbkel1 Jan 13, 2016 10:34 AM Flag

    The preferred stock is not doing well.

  • barbkel1 by barbkel1 Jan 13, 2016 9:49 AM Flag

    Even if the dividend was cut to $2.25, that would still be 15.8%.

  • barbkel1 by barbkel1 Jan 13, 2016 9:25 AM Flag

    Another reit would probably buy it out.

  • barbkel1 by barbkel1 Jan 13, 2016 6:36 AM Flag

    It looks like there has been some buying by nrf mgmt. Can anyone confirm this?

  • There must be something. Otherwise why did you buy this stock in the first place.
    Is the dividend safe? Where will we be (stock price) the middle of April? Those of you that just bought.
    What motivated you to buy.
    Any positive thoughts will be appreciated.
    Thanks in advance

  • Reply to

    21%

    by cwebjohn Jan 12, 2016 10:05 AM
    barbkel1 barbkel1 Jan 12, 2016 12:21 PM Flag

    Dar, , what then will the nest dividend be? Thank you

  • barbkel1 by barbkel1 Jan 12, 2016 11:16 AM Flag

    Why is NRF down so much? Is the NRF quarterly dividend going to stay at 75 cents or go down?

    Thanks

  • Reply to

    OK yield now officially 20%

    by mattmateuchi Jan 8, 2016 5:23 PM
    barbkel1 barbkel1 Jan 12, 2016 10:51 AM Flag

    What makes you think there is a 75 cent quarterly dividend? I bet it drops. That is why the stock is down so much

  • We are in big trouble

  • Could there be any kind of conflict of interest going on here? Any thoughts?

CHI
8.46Feb 9 4:00 PMEST