Dallas, Texas 10/14/2013 (Financialstrend) – Top executives of Northstar Realty Finance Corp. (NYSE:NRF) participated in JMP Securities Financial Services and Real Estate Conference Call on October 1. The market cap of this company which operates in the retail real estate investment trust segment was close to $2.3 billion that day. As of close of business on October 11, the market cap had shrunk by $0.42 billion to settle at $1.88 billion.
This market value erosion was in spite of strong demonstration by NRF of providing good returns on its share holder investments. Over all, the real estate investment firm has paid out dividend of $0.8 per share of common stock, translating to an 8.45% dividend yield over a 12 month trailing period. This represents a favorable forward yield in comparison to its peers which have been cutting down on the dividend payout. This trend picked up pace after September 18 Fed decision of not to initiate a tapper of its stimulus package to the financial markets. The stock has shares outstanding of 198 million of which 69% are owned by institutional investors.
At close of business on October 11, the share price of the stock was hovering around the $9.47 mark. At present valuations, the share price indicates an 81% appreciation on its 52 week low pricing and is down 5.2% from its 52 week high pricing. Over the past month the stock has managed to shore up gains of 4.64% while it has shed 0.3% of its value when past 90 day period is considered.
The softness in the stock valuation is in spite of 46% increase in sales turnover during its 2Q13 period in comparison to 2Q12. In the same time frame its earnings per share has gone up by close to 90 percent. Thanks to the rise in sales, the accumulated loss of income over the past 12 months has come down by $155 million.