NexPoint Real Estate Finance (NYSE:NREF) Cut to "Sell" at Wall Street Zen

Key Points

• NexPoint Real Estate Finance has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, reflecting a shift in market sentiment towards the stock.
• The company currently has an average rating of "Reduce" and a consensus target price of $14.75, with shares trading at $13.58.
• Recent insider transactions show President James D. Dondero purchased 66,000 shares at an average cost of $14.33 per share, increasing his ownership by 26.04%.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of NexPoint Real Estate Finance in a research note on Wednesday, October 8th. Piper Sandler set a $15.00 price target on NexPoint Real Estate Finance and gave the company a "neutral" rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $14.75.

NexPoint Real Estate Finance Trading Up 1.6%

Shares of NexPoint Real Estate Finance stock opened at $13.58 on Friday. The firm has a market capitalization of $240.64 million, a PE ratio of 5.63 and a beta of 1.28. 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 company's fifty day moving average price is $14.37 and its two-hundred day moving average price is $14.28. NexPoint Real Estate Finance has a 52-week low of $12.14 and a 52-week high of $18.09.

Insider Transactions at NexPoint Real Estate Finance

In related news, President James D. Dondero purchased 66,000 shares of NexPoint Real Estate Finance stock in a transaction dated Monday, September 22nd. The shares were acquired at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the transaction, the president directly owned 319,490 shares of the company's stock, valued at approximately $4,578,291.70. This trade represents a 26.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 55.70% of the company's stock.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several institutional investors have recently modified their holdings of NREF. Summit Asset Management LLC bought a new position in shares of NexPoint Real Estate Finance during the 2nd quarter valued at about $553,000. Copley Financial Group Inc. lifted its stake in NexPoint Real Estate Finance by 243.1% in the second quarter. Copley Financial Group Inc. now owns 37,916 shares of the company's stock valued at $523,000 after buying an additional 26,865 shares in the last quarter. PFG Investments LLC bought a new position in NexPoint Real Estate Finance in the second quarter valued at approximately $248,000. Wedbush Securities Inc. lifted its stake in NexPoint Real Estate Finance by 18.4% in the first quarter. Wedbush Securities Inc. now owns 83,897 shares of the company's stock valued at $1,283,000 after buying an additional 13,051 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in NexPoint Real Estate Finance in the 2nd quarter valued at $172,000. Institutional investors own 67.79% of the company's stock.

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.

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