Northstar Realty price target raised to $21 from $15.50 at UBS UBS raised Buy rated Northstar estimates ahead of the Q2 spin-off of its asset management operations. The firm expects Northstar's multiple to increase as the growth outlook improves and raised its price target to $21 from $15.50.
Northstar Realty index inclusion a catalyst, says FBR Capital FBR Capital views Northstar Realty's upcoming addition to the MSCI U.S. REIT Index as both a short- and long-term positive catalyst. FBR believes passive funds that benchmark to the index may need to own the stock and that the inclusion "could open the gates" for more participation and ownership by active REIT-dedicated investors. Vanguard alone may need to buy 23M shares of the stock with index inclusion, it points out. The firm has an Outperform rating on Northstar with a $22 price target.