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
), HFF, Inc.
) and Reis, Inc.
). All these stocks hold a Zacks Rank #1 (Strong Buy).
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. Click to get this free report >>E-HOUSE CHINA (EJ): Free Stock Analysis ReportHFF INC-A (HF): Free Stock Analysis ReportNORTHSTAR RLTY (NRF): Free Stock Analysis ReportREIS INC (REIS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research