Shares of Northstar Realty Finance Corp (NYSE:NRF) ended Friday session in red amid volatile trading. The shares closed down -0.59 points or -4.34% at $13.01 with 2.57 million shares getting traded. Post opening the session at $13.48, the shares hit an intraday low of $12.89 and an intraday high of $13.55 and the price vacillated in this range throughout the day. The company has a market cap of $2.31 billion and the numbers of outstanding shares have been calculated to be 180.73 million shares.
Northstar Realty Finance Corp (NRF) on Aug. 4, 2016 announced its results for the second quarter ended June 30, 2016.
Second Quarter 2016 Results
NorthStar Realty reported U.S. GAAP net (loss) to common stockholders for the second quarter 2016 of ($115.6) million, or ($0.64) per diluted share. NorthStar Realty reported CAD for the second quarter 2016 of $102.8 million, or $0.56 per share. Second quarter 2016 CAD includes the impact of foregone CAD of approximately $9.6 million, or $0.05 per share, relating to real estate private equity funds which NorthStar Realty entered into agreements to sell as of March 31, 2016 (discussed further below).
David T. Hamamoto, Chairman, commented, “We are pleased that NRF could be a party to the merger with NSAM and Colony, which will create a world-class diversified real estate and investment management platform. Following the merger, NRF’s shareholders can realize the full benefits of the substantial asset monetizations and the resulting attractive financial profile of the combined company as an internally managed REIT.”
Shares of Janus Capital Group Inc (NYSE:JNS) ended Friday session in red amid volatile trading. The shares closed down -0.51 points or -3.50% at $14.05 with 2.56 million shares getting traded. Post opening the session at $14.44, the shares hit an intraday low of $14.01 and an intraday high of $14.49 and the price vacillated in this range throughout the day. The company has a market cap of $2.45 billion and the numbers of outstanding shares have been calculated to be 183.55 million shares.
Janus Capital Group Inc (JNS) on July 26, 2016 reported second quarter 2016 net income of $39.0 million, or $0.21 per diluted share, compared with first quarter 2016 net income of $35.1 million, or $0.19 per diluted share, and net income of $44.7 million, or $0.23 per diluted share, in the second quarter 2015.
Flows, Assets Under Management, and Exchange-Traded Products
Average assets under management during the second quarter 2016 were $189.3 billion compared with $180.2 billion during the first quarter 2016 and $193.0 billion during the second quarter 2015.
At June 30, 2016, JCG’s complex-wide assets totaled $194.7 billion compared with $191.3 billion at March 31, 2016, and $192.5 billion at June 30, 2015. The increase in complex-wide assets during the second quarter 2016 reflects net market appreciation of $3.1 billion and exchange-traded product net inflows of $0.3 billion. Fixed income and fundamental equity (Janus and Perkins equity) long-term net inflows were $0.4 billion and $0.3 billion, respectively. Mathematical equity long-term net outflows were $0.7 million.
As of June 30, 2016, 64% of complex-wide mutual funds had a 4- or 5-star Overall Morningstar RatingTM.
As of June 30, 2016, 65%, 85% and 73% of fundamental equity mutual fund assets ranked in the top half of their Morningstar categories on a one-, three- and five-year total return basis, respectively.
As of June 30, 2016, 22%, 37% and 84% of fixed income mutual fund assets ranked in the top half of their Morningstar categories on a one-, three- and five-year total return basis, respectively.
As of June 30, 2016, 85%, 61% and 75% of mathematical equity relative return strategies surpassed their respective benchmarks, net of fees, over the one-, three- and five-year periods, respectively.