|Day's range||22.20 - 23.30|
|52-week range||16.50 - 23.85|
|PE ratio (TTM)||8.12|
|Earnings date||24 Aug 2017 - 28 Aug 2017|
|Dividend & yield||0.07 (2.71%)|
|1y target est||28.20|
NEW YORK, May 23, 2017 /PRNewswire/ -- NorthStar Realty Europe Corp. (NYSE: NRE) ("NorthStar Realty Europe" or "NRE"), a European-focused predominately office REIT, partnered with China ...
The rally in China’s property stocks could be about to run out of steam as cooling measures rein in the Middle Kingdom’s red-hot housing market. Property stocks have been on fire in 2017. Developers Country Garden (2007.HK), Sunac China (1918.HK) and China Evergrande (3333.HK) have all soared by more than 75% since the start of the year.
Daiwa analyst Jonas Kan has tried to peer into the crystal ball. Kan expects China’s property market to normalize this year following an exceptionally strong 2016. While Kan is upbeat about the growth potential of the largest developers, he’s concerned smaller companies will struggle to maintain margins while expanding scale and sales.