REITs somewhat out of favor, merger with a good company to digest. I just started a position but I like this a lot for the long term. Reinvest your dividends and I think you'll be happy no matter where you started.
That's the million dollar question but I'd think it'd priced close to assuming they have no rights. Now if they do get a piece of that action....
Deutsche Bank reiterated a Buy rating on NorthStar Realty Finance (NYSE: NRF) with a price target of $12.50. Comments follow an announcement NRF will spin off its asset management business.
Analyst Stephen Laws said, "We believe the separation of the asset management business will create value for shareholders, as the management company will trade at higher multiples than the traditional mortgage REIT and real estate business. While our target is $12.50 per share, we believe it represents a conservative valuation of the combined business, as we currently value the asset management business at 12x 2014 CAD, which we believe is the low end of the likely valuation range of 12-18x. Additionally, we believe NorthStar AM's CAD is likely to grow from continued growth in the non-listed REIT business as well as potential new income streams from managing additional funds."
A lot has changed when you create a 2nd company from one. It is like saying a Divorced couple is no different than a Married couple, same 2 people, same assets.
Mgmt does not instill confidence and I am never a fan for insiders selling in big secondaries that SHs have to pay the fees for. We'll see if business performance overcomes.
Maybe that was at the Marietta dealership? I do see where they have ONE dealer in Georgia. I think any day now they may have dealers in 10 TEN STATES.
They are the most optimistic but there are a number of other buys, great long term hold which I am on board for.
Own too much? If it is more than 5% of your total holdings maybe and then I might consider selling some. The profit blew VL's estimates away, sales are doing just fine. This is the exact kind of company that the country wants to nurture.