17,977 Shares in NexPoint Real Estate Finance, Inc. $NREF Bought by PFG Investments LLC

Key Points

• PFG Investments LLC acquired 17,977 shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the second quarter, valued at approximately $248,000, increasing its total ownership to 0.10%.
• NexPoint recently paid a $0.50 quarterly dividend to shareholders, resulting in an annualized yield of 14.1% and a payout ratio of 82.99%.
• President James D. Dondero boosted his stake by purchasing 66,000 shares at $14.33 each, increasing his total ownership to approximately $4.58 million.

PFG Investments LLC acquired a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,977 shares of the company's stock, valued at approximately $248,000. PFG Investments LLC owned 0.10% of NexPoint Real Estate Finance as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NREF. Strs Ohio bought a new stake in shares of NexPoint Real Estate Finance in the first quarter worth about $26,000. MetLife Investment Management LLC bought a new stake in shares of NexPoint Real Estate Finance in the first quarter worth about $74,000. Kapitalo Investimentos Ltda bought a new stake in shares of NexPoint Real Estate Finance in the second quarter worth about $172,000. Concorde Asset Management LLC increased its holdings in shares of NexPoint Real Estate Finance by 37.1% in the first quarter. Concorde Asset Management LLC now owns 21,728 shares of the company's stock worth $332,000 after acquiring an additional 5,878 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of NexPoint Real Estate Finance by 20.7% in the first quarter. HighTower Advisors LLC now owns 22,615 shares of the company's stock worth $346,000 after acquiring an additional 3,871 shares in the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Stock Performance

Shares of NYSE NREF opened at $14.19 on Monday. The stock has a 50 day moving average price of $14.55 and a 200 day moving average price of $14.41. NexPoint Real Estate Finance, Inc. has a 52 week low of $12.14 and a 52 week high of $18.09. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44. The stock has a market capitalization of $251.45 million, a PE ratio of 5.89 and a beta of 1.28.

NexPoint Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.50 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.00 annualized dividend and a yield of 14.1%. NexPoint Real Estate Finance's dividend payout ratio is currently 82.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NREF shares. Wall Street Zen upgraded NexPoint Real Estate Finance from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NexPoint Real Estate Finance in a report on Saturday, September 27th. Finally, Piper Sandler set a $15.00 target price on NexPoint Real Estate Finance and gave the stock a "neutral" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $14.75.

Insider Transactions at NexPoint Real Estate Finance

In other NexPoint Real Estate Finance news, President James D. Dondero acquired 66,000 shares of the company's 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 approximately $4,578,291.70. This represents a 26.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 54.00% of the stock is owned by corporate insiders.

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.

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