Ritholtz Wealth Management bought a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,521 shares of the company's stock, valued at approximately $834,000. Ritholtz Wealth Management owned about 0.31% of NexPoint Real Estate Finance as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of NexPoint Real Estate Finance during the 4th quarter worth $5,208,000. Millennium Management LLC boosted its stake in NexPoint Real Estate Finance by 37.6% during the fourth quarter. Millennium Management LLC now owns 200,086 shares of the company's stock worth $3,139,000 after buying an additional 54,693 shares during the period. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of NexPoint Real Estate Finance during the fourth quarter valued at about $622,000. Marshall Wace LLP purchased a new stake in shares of NexPoint Real Estate Finance in the 4th quarter valued at approximately $568,000. Finally, Corton Capital Inc. purchased a new stake in shares of NexPoint Real Estate Finance in the 4th quarter valued at approximately $370,000. Hedge funds and other institutional investors own 67.79% of the company's stock.
NexPoint Real Estate Finance Price Performance
NREF stock opened at $13.71 on Thursday. The company has a current ratio of 230.81, a quick ratio of 230.81 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $242.86 million, a PE ratio of 6.04 and a beta of 1.21. NexPoint Real Estate Finance, Inc. has a 12-month low of $12.14 and a 12-month high of $18.09. The business's fifty day moving average price is $14.46 and its 200 day moving average price is $15.25.
NexPoint Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 14.59%. 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 Analysts Forecast Growth
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 for the company in a research report on Friday, May 2nd.
View Our Latest Report on NREF
About NexPoint Real Estate Finance
(
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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