Morey & Quinn Wealth Partners LLC Buys New Holdings in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Morey & Quinn Wealth Partners LLC acquired a new position in NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,639 shares of the company’s stock, valued at approximately $622,000. Morey & Quinn Wealth Partners LLC owned approximately 0.23% of NexPoint Real Estate Finance as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after buying an additional 2,854 shares during the period. Copley Financial Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance in the third quarter worth $104,000. Navis Wealth Advisors LLC lifted its position in NexPoint Real Estate Finance by 61.0% in the 4th quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock worth $269,000 after buying an additional 6,502 shares in the last quarter. Barclays PLC increased its position in NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after purchasing an additional 8,002 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in NexPoint Real Estate Finance by 8.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company’s stock worth $413,000 after buying an additional 1,986 shares during the last quarter. 67.79% of the stock is owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Price Performance

Shares of NREF stock opened at $15.70 on Wednesday. NexPoint Real Estate Finance, Inc. has a 12 month low of $12.63 and a 12 month high of $18.09. The company has a market capitalization of $274.14 million, a P/E ratio of 14.95 and a beta of 1.63. The stock has a 50 day moving average of $15.71 and a two-hundred day moving average of $15.85. 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 (NYSE:NREF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to the consensus estimate of $11.38 million. As a group, equities analysts expect that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current year.

NexPoint Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 12.74%. The ex-dividend date is Friday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is 270.27%.

Analyst Ratings Changes

A number of research firms have issued reports on NREF. Keefe, Bruyette & Woods raised their target price on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

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.