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

Key Points

• Keefe, Bruyette & Woods cut its NREF price target from $15 to $14, maintaining a “market perform” rating; the new target implies 3.67% upside from the prior close.
• Analyst views remain generally cautious: MarketBeat reports an average “Hold” rating and average price target of $14.50, with other recent calls ranging from “Sell” to “Hold.”
• NREF shares opened at $13.51 on Tuesday and were up 0.8%; the stock’s 12-month range is $12.60 to $18.43.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $15.00 to $14.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods's price target points to a potential upside of 3.67% from the company's previous close.

Several other brokerages also recently weighed in on NREF. Wall Street Zen downgraded NexPoint Real Estate Finance from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Piper Sandler dropped their price objective on shares of NexPoint Real Estate Finance from $17.50 to $15.00 and set a "neutral" rating on the stock in a research note on Monday. Weiss Ratings restated a "hold (c)" rating on shares of NexPoint Real Estate Finance in a research report on Monday, September 28th. Finally, Zacks Research upgraded shares of NexPoint Real Estate Finance from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 24th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.50.

NexPoint Real Estate Finance Trading Up 0.8%

Shares of NREF stock opened at $13.51 on Tuesday. The company has a market capitalization of $254.57 million, a P/E ratio of 23.28 and a beta of 1.11. The company has a current ratio of 163.94, a quick ratio of 163.94 and a debt-to-equity ratio of 1.79. The business's 50 day moving average is $15.81 and its two-hundred day moving average is $15.39. NexPoint Real Estate Finance has a twelve month low of $12.60 and a twelve month high of $18.43.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in NexPoint Real Estate Finance during the second quarter worth about $9,676,000. Independent Financial Group LLC acquired a new position in NexPoint Real Estate Finance during the first quarter worth about $3,229,000. SG Americas Securities LLC purchased a new position in NexPoint Real Estate Finance in the first quarter valued at about $107,000. Concorde Asset Management LLC increased its holdings in NexPoint Real Estate Finance by 10.7% in the second quarter. Concorde Asset Management LLC now owns 25,950 shares of the company's stock valued at $402,000 after buying an additional 2,500 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in NexPoint Real Estate Finance by 17.0% in the second 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 in the last quarter. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc NYSE: NREF is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on generating income through investments in commercial real estate debt and related credit instruments rather than directly operating properties.

Its investment activities have included transitional mortgage loans, senior and subordinate loans, mezzanine loans, preferred equity investments, and commercial mortgage-backed securities. NexPoint Real Estate Finance has emphasized lending and investment opportunities tied primarily to multifamily and other commercial real estate assets in the United States.

The company was formed in 2015 and became a publicly traded company in 2020.

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