NexPoint Real Estate Finance (NYSE:NREF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NexPoint Real Estate Finance (NYSE:NREF) from a sell rating to a hold rating in a research note released on Saturday.

A number of other equities research analysts also recently weighed in on NREF. Piper Sandler set a $15.00 price target on shares of NexPoint Real Estate Finance and gave the company a “neutral” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.75.

NexPoint Real Estate Finance Trading Up 0.3%

Shares of NexPoint Real Estate Finance stock opened at $13.42 on Friday. The business has a fifty day simple moving average of $14.01 and a 200-day simple moving average of $14.29. NexPoint Real Estate Finance has a fifty-two week low of $12.14 and a fifty-two week high of $18.09. The firm has a market cap of $237.78 million, a price-to-earnings ratio of 4.78 and a beta of 1.26. The company has a quick ratio of 207.44, a current ratio of 207.44 and a debt-to-equity ratio of 1.58.

NexPoint Real Estate Finance Announces Dividend

The company also recently disclosed 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 dividend yield of 14.9%. The ex-dividend date is Monday, December 15th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is currently 71.17%.

Insider Transactions at NexPoint Real Estate Finance

In other news, President James D. Dondero bought 66,000 shares of the stock in a transaction on Monday, September 22nd. The shares were purchased at an average price of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the purchase, the president directly owned 319,490 shares of the company’s stock, valued at $4,578,291.70. This trade represents a 26.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 54.00% of the company’s stock.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in NexPoint Real Estate Finance in the second quarter worth approximately $25,000. Strs Ohio bought a new stake in NexPoint Real Estate Finance in the first quarter worth approximately $26,000. MetLife Investment Management LLC acquired a new position in shares of NexPoint Real Estate Finance during the 1st quarter worth $74,000. Kapitalo Investimentos Ltda bought a new position in shares of NexPoint Real Estate Finance during the 2nd quarter valued at $172,000. Finally, Russell Investments Group Ltd. boosted its holdings in NexPoint Real Estate Finance by 127.3% in the second quarter. Russell Investments Group Ltd. now owns 13,043 shares of the company’s stock worth $180,000 after purchasing an additional 7,306 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

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.