NexPoint Real Estate Finance (NYSE:NREF) Stock Rating Upgraded by Wall Street Zen

NexPoint Real Estate Finance (NYSE:NREF) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

NREF has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research report on Wednesday, October 8th. Piper Sandler set a $15.00 price objective on NexPoint Real Estate Finance and gave the company a “neutral” rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NexPoint Real Estate Finance currently has an average rating of “Reduce” and a consensus price target of $14.75.

NexPoint Real Estate Finance Trading Up 1.3%

NYSE:NREF opened at $13.39 on Friday. The firm has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.29. NexPoint Real Estate Finance has a one year low of $12.14 and a one year high of $18.09. The firm has a market cap of $237.18 million, a P/E ratio of 4.76 and a beta of 1.26. 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 Activity

In related news, President James D. Dondero bought 66,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was bought at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the purchase, the president directly owned 319,490 shares of the company’s stock, valued at approximately $4,578,291.70. This trade represents a 26.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 54.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1776 Wealth LLC raised its stake in shares of NexPoint Real Estate Finance by 1.6% during the 1st quarter. 1776 Wealth LLC now owns 61,939 shares of the company’s stock valued at $947,000 after buying an additional 1,000 shares during the last quarter. Berkeley Capital Partners LLC grew its holdings in NexPoint Real Estate Finance by 2.9% during the first quarter. Berkeley Capital Partners LLC now owns 38,971 shares of the company’s stock worth $596,000 after acquiring an additional 1,084 shares during the period. Corton Capital Inc. grew its holdings in NexPoint Real Estate Finance by 9.1% during the second quarter. Corton Capital Inc. now owns 17,104 shares of the company’s stock worth $236,000 after acquiring an additional 1,429 shares during the period. Strs Ohio purchased a new position in NexPoint Real Estate Finance during the first quarter valued at approximately $26,000. Finally, Geode Capital Management LLC lifted its holdings in NexPoint Real Estate Finance by 0.9% in the second quarter. Geode Capital Management LLC now owns 201,310 shares of the company’s stock valued at $2,777,000 after acquiring an additional 1,716 shares during the period. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Company Profile

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.