Raymond James Financial Inc. reduced its stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,411 shares of the company's stock after selling 34,511 shares during the period. Raymond James Financial Inc. owned approximately 1.69% of NexPoint Real Estate Finance worth $4,547,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in NexPoint Real Estate Finance by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company's stock valued at $75,000 after acquiring an additional 1,045 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in NexPoint Real Estate Finance in the 4th quarter valued at $186,000. HighTower Advisors LLC increased its holdings in NexPoint Real Estate Finance by 20.7% in the 1st quarter. HighTower Advisors LLC now owns 22,615 shares of the company's stock valued at $346,000 after acquiring an additional 3,871 shares during the last quarter. Barclays PLC increased its holdings in NexPoint Real Estate Finance by 7.4% in the 4th quarter. Barclays PLC now owns 23,345 shares of the company's stock valued at $366,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in NexPoint Real Estate Finance by 101.9% in the 4th quarter. Jane Street Group LLC now owns 24,274 shares of the company's stock valued at $381,000 after acquiring an additional 12,251 shares during the last quarter. 67.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NREF. Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Piper Sandler set a $15.00 target price on shares of NexPoint Real Estate Finance and gave the stock a "neutral" rating in a report on Monday, August 4th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NexPoint Real Estate Finance currently has a consensus rating of "Hold" and a consensus price target of $14.75.
Read Our Latest Analysis on NREF
NexPoint Real Estate Finance Price Performance
Shares of NexPoint Real Estate Finance stock traded up $0.15 during trading hours on Thursday, reaching $15.30. The company's stock had a trading volume of 57,365 shares, compared to its average volume of 35,666. The firm has a 50 day moving average price of $14.50 and a 200-day moving average price of $14.63. NexPoint Real Estate Finance, Inc. has a one year low of $12.14 and a one year high of $18.09. The company has a debt-to-equity ratio of 1.58, a current ratio of 207.44 and a quick ratio of 207.44. The stock has a market cap of $271.12 million, a P/E ratio of 6.35 and a beta of 1.28.
NexPoint Real Estate Finance Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.1%. The ex-dividend date is Monday, September 15th. NexPoint Real Estate Finance's dividend payout ratio is presently 82.99%.
NexPoint Real Estate Finance Company Profile
(
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.
See Also
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
