Wall Street Zen Downgrades NexPoint Real Estate Finance (NYSE:NREF) to Sell

NexPoint Real Estate Finance (NYSE:NREF) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently commented on NREF. Weiss Ratings reissued a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research note on Wednesday, October 8th. Piper Sandler set a $15.00 price objective on shares of NexPoint Real Estate Finance and gave the stock a “neutral” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NexPoint Real Estate Finance presently has a consensus rating of “Reduce” and a consensus price target of $14.75.

NexPoint Real Estate Finance Price Performance

Shares of NREF opened at $13.58 on Friday. The company has a 50 day moving average price of $14.37 and a 200-day moving average price of $14.30. NexPoint Real Estate Finance has a fifty-two week low of $12.14 and a fifty-two week high of $18.09. The stock has a market capitalization of $240.64 million, a PE ratio of 5.63 and a beta of 1.28. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44.

Insider Buying and Selling

In other news, President James D. Dondero bought 66,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was bought at an average price of $14.33 per share, with a total value of $945,780.00. Following the completion of the transaction, the president directly owned 319,490 shares of the company’s stock, valued at approximately $4,578,291.70. The trade was a 26.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 54.00% of the stock is owned by insiders.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in NexPoint Real Estate Finance during the second quarter valued at approximately $25,000. Strs Ohio purchased a new stake in NexPoint Real Estate Finance during the first quarter valued at approximately $26,000. MetLife Investment Management LLC purchased a new stake in NexPoint Real Estate Finance during the first quarter valued at approximately $74,000. Kapitalo Investimentos Ltda purchased a new stake in NexPoint Real Estate Finance during the second quarter valued at approximately $172,000. Finally, Russell Investments Group Ltd. lifted its position in NexPoint Real Estate Finance by 127.3% during the second quarter. Russell Investments Group Ltd. now owns 13,043 shares of the company’s stock valued at $180,000 after acquiring an additional 7,306 shares during the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

About NexPoint Real Estate Finance

NexPoint Real Estate Finance, Inc operates as a commercial mortgage real estate investment trust in the United States. It focuses on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments, as well as multifamily and single-family rental commercial mortgage-backed securities securitizations, multifamily structured credit risk notes, and mortgage-backed securities or target assets.