Penserra Capital Management LLC Raises Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Penserra Capital Management LLC lifted its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 22.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,923 shares of the company’s stock after acquiring an additional 13,020 shares during the period. Penserra Capital Management LLC’s holdings in NexPoint Real Estate Finance were worth $1,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NREF. First Foundation Advisors raised its stake in shares of NexPoint Real Estate Finance by 39.8% during the second quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock valued at $206,000 after purchasing an additional 4,274 shares during the period. Hsbc Holdings PLC grew its holdings in NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after purchasing an additional 2,740 shares in the last quarter. Bank of New York Mellon Corp increased its stake in NexPoint Real Estate Finance by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after buying an additional 814 shares during the period. Wedbush Securities Inc. lifted its holdings in NexPoint Real Estate Finance by 59.6% in the 2nd quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after buying an additional 23,249 shares in the last quarter. Finally, BOKF NA boosted its position in NexPoint Real Estate Finance by 7.4% in the 2nd quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after buying an additional 4,649 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Stock Up 0.8 %

NREF stock opened at $17.26 on Wednesday. The company has a market capitalization of $301.36 million, a P/E ratio of 16.44 and a beta of 1.61. The firm has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $14.90. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.63 and a twelve month high of $17.40.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Friday, December 13th. NexPoint Real Estate Finance’s payout ratio is currently 190.48%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 19th.

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.