NexPoint Real Estate Finance (NYSE:NREF) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF – Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $15.00 to $14.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research analysts also recently weighed in on the company. Piper Sandler cut their price target on NexPoint Real Estate Finance from $17.50 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen cut NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NexPoint Real Estate Finance in a research note on Monday, September 28th. Finally, Zacks Research upgraded NexPoint Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 24th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.50.

Read Our Latest Stock Analysis on NREF

NexPoint Real Estate Finance Price Performance

Shares of NREF stock opened at $12.70 on Tuesday. NexPoint Real Estate Finance has a 52-week low of $12.60 and a 52-week high of $18.43. The stock has a market cap of $239.32 million, a PE ratio of 21.89 and a beta of 1.11. The company has a debt-to-equity ratio of 2.16, a quick ratio of 163.94 and a current ratio of 144.23. The firm’s 50 day moving average price is $15.55 and its two-hundred day moving average price is $15.37.

NexPoint Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.00 annualized dividend and a yield of 15.8%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 344.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in NexPoint Real Estate Finance in the second quarter valued at approximately $9,676,000. Independent Financial Group LLC bought a new position in shares of NexPoint Real Estate Finance during the first quarter worth $3,229,000. Russell Investments Group Ltd. grew its holdings in shares of NexPoint Real Estate Finance by 92.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 61,830 shares of the company’s stock valued at $960,000 after buying an additional 29,755 shares during the period. HighTower Advisors LLC grew its holdings in shares of NexPoint Real Estate Finance by 17.0% in the 2nd quarter. HighTower Advisors LLC now owns 32,413 shares of the company’s stock valued at $502,000 after buying an additional 4,703 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of NexPoint Real Estate Finance by 83.2% in the 1st quarter. Cetera Investment Advisers now owns 36,556 shares of the company’s stock valued at $492,000 after buying an additional 16,602 shares during the period. Institutional investors and hedge funds own 67.79% of the company’s stock.

NexPoint Real Estate Finance Company Profile

(Get Free Report)

NexPoint Real Estate Finance, Inc. is a real estate investment trust that invests in commercial real estate debt and equity, with a primary focus on multifamily properties in the United States. Its investments may include mortgage loans, mezzanine loans, preferred equity, commercial mortgage-backed securities and interests in real estate. The company’s strategy includes financing properties and real estate projects, including those undergoing renovation or development. NexPoint Real Estate Finance is externally managed by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors.

Further Reading

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