Wedbush Securities Inc. Cuts Position in NexPoint Real Estate Finance, Inc. $NREF

Wedbush Securities Inc. lowered its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,917 shares of the company’s stock after selling 6,980 shares during the quarter. Wedbush Securities Inc.’s holdings in NexPoint Real Estate Finance were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio acquired a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $26,000. MetLife Investment Management LLC acquired a new stake in NexPoint Real Estate Finance in the first quarter worth about $74,000. Kapitalo Investimentos Ltda purchased a new stake in shares of NexPoint Real Estate Finance during the second quarter worth about $172,000. Corton Capital Inc. grew its stake in shares of 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 last quarter. Finally, PFG Investments LLC acquired a new position in shares of NexPoint Real Estate Finance during the second quarter valued at about $248,000. 67.79% of the stock is owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Price Performance

Shares of NYSE:NREF opened at $13.39 on Monday. The company has a current ratio of 207.44, a quick ratio of 207.44 and a debt-to-equity ratio of 1.58. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.14 and a twelve month high of $18.09. The company’s 50 day moving average is $14.04 and its 200 day moving average is $14.29. The company has a market cap of $237.18 million, a PE ratio of 4.76 and a beta of 1.26.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is 71.17%.

Insider Transactions at NexPoint Real Estate Finance

In related news, President James D. Dondero purchased 66,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was bought at an average cost of $14.33 per share, with a total value of $945,780.00. Following the completion of the acquisition, the president owned 319,490 shares of the company’s stock, valued at $4,578,291.70. The trade was a 26.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 54.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings reiterated 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 target on shares of NexPoint Real Estate Finance and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.75.

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.