Is Northstar Realty Finance Corp. (NRF) A Good Stock To Buy?

On the other hand, a number of investors decided to unload their entire stakes in Northstar Realty Finance Corp. (NYSE:NRF) during the third quarter. James Dondero’s Highland Capital Management said goodbye to the largest stake of the 700 funds monitored by Insider Monkey, valued at an estimated $5.4 million in stock. Scott Lawrence Swid’s fund, SLS Management, also dropped its stock, about $3.2 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Northstar Realty Finance Corp. (NYSE:NRF) but similarly valued. We will take a look at Boyd Gaming Corporation (NYSE:BYD), Artisan Partners Asset Management Inc (NYSE:APAM), Verint Systems Inc. (NASDAQ:VRNT), and Bloomin’ Brands Inc (NASDAQ:BLMN). This group of stocks’ market values resemble NRF’s market value.

As you can see these stocks had an average of 19 funds with bullish positions and the average amount invested in these stocks was $290 million. That figure was $315 million in NRF’s case. Boyd Gaming Corporation (NYSE:BYD) is the most popular stock in this table. On the other hand Artisan Partners Asset Management Inc (NYSE:APAM) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Northstar Realty Finance Corp. (NYSE:NRF) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Suggested Articles:
Most Sugary Drinks In The World
Best Space Documentaries On Netflix
Most Affordable Places To Visit In Italy

Disclosure: None