Ritholtz Wealth Management Invests $834,000 in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Ritholtz Wealth Management bought a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 54,521 shares of the company's stock, valued at approximately $834,000. Ritholtz Wealth Management owned 0.31% of NexPoint Real Estate Finance as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of NexPoint Real Estate Finance by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company's stock valued at $413,000 after purchasing an additional 1,986 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $5,208,000. Berkeley Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 780 shares during the last quarter. LPL Financial LLC raised its holdings in shares of NexPoint Real Estate Finance by 7.0% in the fourth quarter. LPL Financial LLC now owns 31,093 shares of the company's stock valued at $488,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $622,000. 67.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating on the stock in a report on Friday, May 2nd.

NexPoint Real Estate Finance Stock Performance

NREF stock traded down $0.28 during trading hours on Friday, reaching $13.39. The stock had a trading volume of 98,021 shares, compared to its average volume of 43,277. The stock has a market capitalization of $237.05 million, a PE ratio of 5.90 and a beta of 1.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 230.81 and a quick ratio of 230.81. The stock has a 50-day simple moving average of $14.49 and a 200 day simple moving average of $15.18. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.14 and a fifty-two week high of $18.09.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.94%. The ex-dividend date of this dividend is Friday, June 13th. NexPoint Real Estate Finance's dividend payout ratio is currently 88.11%.

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.