Corton Capital Inc. bought a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,583 shares of the company's stock, valued at approximately $370,000. Corton Capital Inc. owned approximately 0.14% of NexPoint Real Estate Finance at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in NexPoint Real Estate Finance during the 4th quarter valued at about $5,208,000. Wedbush Securities Inc. increased its holdings in shares of NexPoint Real Estate Finance by 10.2% in the fourth quarter. Wedbush Securities Inc. now owns 70,846 shares of the company's stock valued at $1,112,000 after purchasing an additional 6,551 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NexPoint Real Estate Finance by 2.9% in the fourth quarter. Northern Trust Corp now owns 69,621 shares of the company's stock valued at $1,092,000 after purchasing an additional 1,948 shares during the last quarter. Morey & Quinn Wealth Partners LLC acquired a new position in NexPoint Real Estate Finance during the fourth quarter worth $622,000. Finally, Berkeley Capital Partners LLC lifted its holdings in NexPoint Real Estate Finance by 2.1% in the fourth quarter. Berkeley Capital Partners LLC now owns 37,887 shares of the company's stock valued at $594,000 after acquiring an additional 780 shares during the last quarter. Hedge funds and other institutional investors own 67.79% of the company's stock.
NexPoint Real Estate Finance Stock Up 0.1 %
NREF traded up $0.01 on Friday, hitting $14.35. 20,693 shares of the company were exchanged, compared to its average volume of 42,123. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. The company has a market cap of $253.19 million, a price-to-earnings ratio of 13.67 and a beta of 1.33. The firm has a 50-day moving average price of $14.62 and a two-hundred day moving average price of $15.49. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.14 and a twelve month high of $18.09.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last issued its earnings results 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 firm had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. On average, equities analysts predict that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current year.
NexPoint Real Estate Finance Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 13.94%. The ex-dividend date of this dividend is Friday, June 13th. NexPoint Real Estate Finance's dividend payout ratio is currently 88.11%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods cut their target price on NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating on the stock in a research report on Friday, May 2nd.
Get Our Latest Report on NexPoint Real Estate Finance
NexPoint Real Estate Finance Company Profile
(
Free Report)
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.
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