NorthStar Realty Finance Corp. (NRF) a big move last session, as the company’s shares fell about 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NRF, as the stock is now down over 1% in the past one-month time frame.
The company, a real estate investment trust (REIT), has seen a mixed track record, as there have been no estimate revisions for current year over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
NRF currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include E-House (China) Holdings Limited (EJ), HFF, Inc. (HF) and Reis, Inc. (REIS). All these stocks hold a Zacks Rank #1 (Strong Buy).
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