Millennium Management LLC Has $3.14 Million Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Millennium Management LLC boosted its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 37.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,086 shares of the company's stock after buying an additional 54,693 shares during the quarter. Millennium Management LLC owned about 1.15% of NexPoint Real Estate Finance worth $3,139,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in NexPoint Real Estate Finance during the fourth quarter worth $5,208,000. Morey & Quinn Wealth Partners LLC acquired a new position in NexPoint Real Estate Finance during the fourth quarter worth $622,000. Jane Street Group LLC increased its position in NexPoint Real Estate Finance by 101.9% during the fourth quarter. Jane Street Group LLC now owns 24,274 shares of the company's stock worth $381,000 after buying an additional 12,251 shares during the last quarter. JPMorgan Chase & Co. increased its position in NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock worth $102,000 after buying an additional 2,854 shares during the last quarter. Finally, Barclays PLC increased its position in NexPoint Real Estate Finance by 7.4% during the fourth quarter. Barclays PLC now owns 23,345 shares of the company's stock worth $366,000 after buying an additional 1,615 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their target price on shares of 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.

NexPoint Real Estate Finance Stock Performance

Shares of NYSE:NREF traded down $0.14 during midday trading on Wednesday, hitting $14.87. The company's stock had a trading volume of 23,959 shares, compared to its average volume of 42,004. The stock has a market capitalization of $263.41 million, a price-to-earnings ratio of 14.16 and a beta of 1.21. The stock's 50 day simple moving average is $14.29 and its 200 day simple moving average is $15.42. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.14 and a fifty-two week high of $18.09. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30.

NexPoint Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 13.45%. The ex-dividend date of this dividend is Friday, June 13th. NexPoint Real Estate Finance's dividend payout ratio is currently 88.11%.

NexPoint Real Estate Finance Company Profile

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.