Investors in NorthStar Realty Europe (NYSE:NRE) woke up to news Tuesday morning that one of the company’s largest investors is looking to shake things up at the company. Senvest Management, which owns 9.55% of NorthStar, is pushing the company’s external advisor, Colony Capital (NYSE:CLNY), to realize value at the undervalued European REIT, after years of a stagnating stock price.
Senvest outlined three major ways for Colony to proceed, though I think only one way will be acceptable to Colony. So here’s what investors in NorthStar should know about this potential activist attack.
Image source: Getty Images.
Senvest goes on the offensive
By way of background, NorthStar Realty Europe was spun off as an externally managed REIT from NorthStar Realty Finance in 2015. Since then, the stock has traded consistently below its net asset value (NAV), which is $20.95 per shareas of June 30. While NorthStar Realty Europe has taken moves to realize some value, including paring down its portfolio of real estate and repurchasing stock at major discounts, the stock has never gotten close to that NAV figure. In addition, the company renegotiated its onerous management contract with Colony. Colony owns 11.3% of NorthStar.
Hot Undervalued Stocks To Own For 2019: Xcel Energy Inc.(XEL)
Advisors’ Opinion:
- [By Maxx Chatsko]
Late last year, Xcel Energy (NASDAQ:XEL) became the first utility to publicly and boldly commit to generating all of its electricity from 100% carbon-free sources by 2050. While individuals and groups who take environmental stewardship seriously cheered the news, individual investors and Wall Street analysts should be cheering, too.
- [By Maxx Chatsko]
Xcel Energy (NASDAQ:XEL), which owns one of two investor-owned utilities in the state, has already exceeded the 30% target. But it knows even more ambitious standards are coming in the not-too-distant future. That’s why it’s proposed an ambitious new power plan to the Colorado Public Utilities Commission (CPUC) that would allow the company to generate 55% of its power in the state from renewables by 2026. It would also double the company’s current total solar capacity.
- [By Jason Hall, Chuck Saletta, and Maxx Chatsko]
It gets even better with dividend stocks, which can raise the payout regularly, further boosting your returns and making it easier to hold through the market’s ups and downs. We asked three Motley Fool investors who know a thing or two about finding great dividend stocks to identify their top dividend stock ideas; they made compelling arguments for Brookfield Infrastructure Partners L.P. (NYSE:BIP), Waste Management, Inc. (NYSE:WM), and Xcel Energy Inc. (NASDAQ:XEL).
Hot Undervalued Stocks To Own For 2019: EXCO Resources NL(XCO)
Advisors’ Opinion:
- [By Shane Hupp]
X-Coin (CURRENCY:XCO) traded down 1.3% against the dollar during the 24 hour period ending at 7:00 AM E.T. on July 1st. During the last week, X-Coin has traded up 37.4% against the dollar. One X-Coin coin can now be bought for $0.0088 or 0.00000137 BTC on major exchanges including Cryptopia and YoBit. X-Coin has a total market cap of $108,460.00 and approximately $881.00 worth of X-Coin was traded on exchanges in the last 24 hours.
- [By Joseph Griffin]
Press coverage about EXCO Resources (NYSE:XCO) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. EXCO Resources earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 45.0615500193326 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
- [By Joseph Griffin]
X-Coin (CURRENCY:XCO) traded up 3% against the US dollar during the 24-hour period ending at 18:00 PM ET on August 21st. During the last week, X-Coin has traded up 3.4% against the US dollar. One X-Coin coin can currently be purchased for approximately $0.0058 or 0.00000089 BTC on major exchanges including Cryptopia and YoBit. X-Coin has a total market cap of $71,468.00 and approximately $60.00 worth of X-Coin was traded on exchanges in the last day.
Hot Undervalued Stocks To Own For 2019: Coinstar Inc.(CSTR)
Advisors’ Opinion:
- [By Joseph Griffin]
Capstar Financial Holdings Inc (NASDAQ:CSTR) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.75.
- [By Joseph Griffin]
Shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) have been assigned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.75.
- [By Max Byerly]
Capstar Financial (NASDAQ:CSTR) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.
- [By Stephan Byrd]
Capstar Financial (NASDAQ: CSTR) and Mercantile Bank (NASDAQ:MBWM) are both small-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, profitability, analyst recommendations, earnings, dividends and risk.
Hot Undervalued Stocks To Own For 2019: Scorpio Tankers Inc.(STNG)
Advisors’ Opinion:
- [By Travis Hoium]
Shares of Scorpio Tankers Inc. (NYSE:STNG) fell as much as 11.4% in early trading on Wednesday after the company announced a big capital raise. At 10:50 a.m. EDT, the stock was still down 11.3% and showed no real signs of recovery.
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Get a free copy of the Zacks research report on Scorpio Tankers (STNG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Scorpio Tankers (STNG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Scorpio Tankers Inc. (NYSE:STNG) gapped down before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.82. Scorpio Tankers shares last traded at $1.81, with a volume of 169888 shares traded.
Hot Undervalued Stocks To Own For 2019: Madrigal Pharmaceuticals, Inc. (MDGL)
Advisors’ Opinion:
- [By Lisa Levin]
Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) shares shot up 127 percent to $245.98 in reaction to an encouraging Phase 2 clinical trial update. The clinical-stage biopharmaceutical company said its liver-directed, thyroid hormone receptor called MGL-3196 showed a statistical significance in the primary endpoint of lowering liver fat at 12 weeks and also 36 weeks.
- [By Cory Renauer]
Viking Therapeutics is a clinical-stage biotech stock that recently surged without lifting a finger. That’s because its lead candidate, VK2809, is in the same class as an experimental drug from Madrigal Pharmaceuticals (NASDAQ:MDGL) that put up some impressive data earlier this year.
- [By Cory Renauer]
Intercept Pharmaceuticals Inc. (NASDAQ:ICPT), Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL), and Gilead Sciences Inc. (NASDAQ:GILD) are three top stocks for investing this arena, which could be worth as much as $35 billion annually by 2020. There are plenty of companies with NASH candidates, but these three biotechs rise to the top of the list for some very different reasons.