Kennedy Capital Management LLC Cuts Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Kennedy Capital Management LLC decreased its stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 48.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,913 shares of the company's stock after selling 77,321 shares during the period. Kennedy Capital Management LLC owned about 0.46% of NexPoint Real Estate Finance worth $1,270,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in NexPoint Real Estate Finance by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,801 shares of the company's stock valued at $75,000 after buying an additional 1,045 shares during the period. JPMorgan Chase & Co. boosted its holdings in NexPoint Real Estate Finance by 77.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock valued at $102,000 after acquiring an additional 2,854 shares during the period. Copley Financial Group Inc. bought a new position in NexPoint Real Estate Finance during the 3rd quarter worth approximately $104,000. Navis Wealth Advisors LLC increased its stake in NexPoint Real Estate Finance by 61.0% in the 4th quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company's stock worth $269,000 after purchasing an additional 6,502 shares during the period. Finally, Barclays PLC lifted its position in NexPoint Real Estate Finance by 58.3% in the third quarter. Barclays PLC now owns 21,730 shares of the company's stock valued at $340,000 after purchasing an additional 8,002 shares during the last quarter. 67.79% of the stock is owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Trading Up 2.7 %

Shares of NREF stock traded up $0.37 during trading hours on Friday, reaching $13.92. The company's stock had a trading volume of 19,767 shares, compared to its average volume of 41,624. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a one year low of $12.14 and a one year high of $18.09. The stock has a market capitalization of $245.52 million, a P/E ratio of 13.25 and a beta of 1.34. The firm's fifty day simple moving average is $15.14 and its 200 day simple moving average is $15.60.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $21.69 million for the quarter, compared to analysts' expectations of $11.38 million. Equities research analysts expect that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current year.

NexPoint Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 14.37%. NexPoint Real Estate Finance's dividend payout ratio (DPR) is presently 270.27%.

Wall Street Analysts Forecast Growth

NREF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

NexPoint Real Estate Finance 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.