BlackRock Inc. purchased a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 624,275 shares of the company's stock, valued at approximately $9,676,000. BlackRock Inc. owned approximately 3.31% of NexPoint Real Estate Finance as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in shares of NexPoint Real Estate Finance during the 2nd quarter worth about $109,000. Bank of New York Mellon Corp acquired a new stake in shares of NexPoint Real Estate Finance during the second quarter valued at $271,000. Public Employees Retirement System of Ohio raised its stake in NexPoint Real Estate Finance by 195.4% during the first quarter. Public Employees Retirement System of Ohio now owns 5,820 shares of the company's stock worth $78,000 after purchasing an additional 3,850 shares during the period. Cetera Investment Advisers lifted its stake in shares of NexPoint Real Estate Finance by 83.2% during the first quarter. Cetera Investment Advisers now owns 36,556 shares of the company's stock worth $492,000 after purchasing an additional 16,602 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in NexPoint Real Estate Finance in the 1st quarter valued at about $3,229,000. 67.79% of the stock is currently owned by hedge funds and other institutional investors.
NexPoint Real Estate Finance Trading Up 0.9%
NYSE:NREF opened at $17.82 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 163.94 and a current ratio of 163.94. The firm has a market cap of $335.81 million, a price-to-earnings ratio of 7.52 and a beta of 1.10. NexPoint Real Estate Finance, Inc. has a 52 week low of $12.36 and a 52 week high of $18.43. The firm has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $15.37.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $27.34 million during the quarter, compared to the consensus estimate of $14.57 million. NexPoint Real Estate Finance had a net margin of 107.93% and a return on equity of 12.72%. NexPoint Real Estate Finance has set its Q3 2026 guidance at 0.380-0.480 EPS. On average, equities analysts expect that NexPoint Real Estate Finance, Inc. will post 1.58 earnings per share for the current fiscal year.
NexPoint Real Estate Finance Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 15th. NexPoint Real Estate Finance's dividend payout ratio (DPR) is 84.39%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Piper Sandler increased their target price on NexPoint Real Estate Finance from $16.00 to $17.50 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on NexPoint Real Estate Finance from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of NexPoint Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of NexPoint Real Estate Finance from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 1st. Finally, Zacks Research cut NexPoint Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 18th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NexPoint Real Estate Finance presently has an average rating of "Reduce" and a consensus target price of $16.75.
View Our Latest Report on NexPoint Real Estate Finance
NexPoint Real Estate Finance Company Profile
(
Free Report)
NexPoint Real Estate Finance, Inc is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.
Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider NexPoint Real Estate Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexPoint Real Estate Finance wasn't on the list.
While NexPoint Real Estate Finance currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
