Concorde Asset Management LLC Acquires New Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Concorde Asset Management LLC acquired a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,850 shares of the company’s stock, valued at approximately $249,000.

A number of other large investors have also bought and sold shares of NREF. Wells Fargo & Company MN grew its stake in shares of NexPoint Real Estate Finance by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock worth $75,000 after acquiring an additional 1,045 shares during the period. JPMorgan Chase & Co. lifted its holdings in NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock valued at $102,000 after purchasing an additional 2,854 shares during the last quarter. Copley Financial Group Inc. bought a new position in NexPoint Real Estate Finance during the third quarter worth about $104,000. Navis Wealth Advisors LLC increased its stake in shares of NexPoint Real Estate Finance by 61.0% in the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock worth $269,000 after purchasing an additional 6,502 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of NexPoint Real Estate Finance by 58.3% in the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after purchasing an additional 8,002 shares in the last quarter. 67.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NREF has been the subject of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th. Keefe, Bruyette & Woods dropped their target price on NexPoint Real Estate Finance from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday.

NexPoint Real Estate Finance Trading Down 3.7 %

Shares of NREF opened at $12.77 on Friday. The business’s 50-day moving average price is $15.38 and its 200-day moving average price is $15.68. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.14 and a twelve month high of $18.09. The stock has a market cap of $225.31 million, a PE ratio of 12.16 and a beta of 1.34.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $11.38 million. On average, equities analysts forecast that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 15.66%. NexPoint Real Estate Finance’s dividend payout ratio is currently 270.27%.

NexPoint Real Estate Finance 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.