Why NorthStar Realty Finance (NRF) Stock Is Down Today

NEW YORK (TheStreet) -- NorthStar Realty Finance (NRF) was falling -2% to $16.38 Tuesday following a Financial Times report that it is close to buying Griffin-American Healthcare REIT.

NorthStar would reportedly pay about $4 billion for the company according to the report. While the companies are reportedly in advanced negotiations, there is a chance the discussions will break down with no deal made. The exclusivity period for the discussions ends on Friday.

Reports of the deal also helped drive up the stock of spin-off company NorthStar Asset Management (NSAM). Shares of NorthStar Asset Management were gaining 2.9% to $19.45.

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TheStreet Ratings team rates NORTHSTAR REALTY FINANCE CP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NORTHSTAR REALTY FINANCE CP (NRF) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself."

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