NexPoint Real Estate Finance (NYSE:NREF) President James Dondero Purchases 66,000 Shares

Key Points

• NexPoint Real Estate Finance President James Dondero purchased 66,000 shares of the company's stock for approximately $945,780, raising his ownership by 26.04% to a total of 319,490 shares.
• The company declared a quarterly $0.50 dividend, resulting in a 14.2% yield, with the ex-dividend date set for September 15th.
• Recent analyst ratings show a consensus "Hold" rating for NexPoint Real Estate Finance, with Piper Sandler setting a price target of $15.00.

NexPoint Real Estate Finance, Inc. (NYSE:NREF - Get Free Report) President James Dondero bought 66,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was bought at an average price of $14.33 per share, for a total transaction of $945,780.00. Following the acquisition, the president directly owned 319,490 shares of the company's stock, valued at $4,578,291.70. The trade was a 26.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NexPoint Real Estate Finance Stock Performance

NREF stock traded down $0.21 on Wednesday, hitting $14.11. The company had a trading volume of 22,202 shares, compared to its average volume of 58,069. NexPoint Real Estate Finance, Inc. has a 12-month low of $12.14 and a 12-month high of $18.09. The company has a current ratio of 207.44, a quick ratio of 207.44 and a debt-to-equity ratio of 1.58. The stock's 50-day simple moving average is $14.57 and its 200 day simple moving average is $14.51. The stock has a market cap of $249.98 million, a price-to-earnings ratio of 5.85 and a beta of 1.28.

NexPoint Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.50 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.00 annualized dividend and a yield of 14.2%. NexPoint Real Estate Finance's dividend payout ratio (DPR) is presently 82.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NREF shares. Piper Sandler set a $15.00 price target on shares of NexPoint Real Estate Finance and gave the stock a "neutral" rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $14.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. raised its position in shares of NexPoint Real Estate Finance by 2.6% during the 2nd quarter. Raymond James Financial Inc. now owns 305,287 shares of the company's stock valued at $4,210,000 after purchasing an additional 7,876 shares during the period. Geode Capital Management LLC raised its position in shares of NexPoint Real Estate Finance by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 201,310 shares of the company's stock valued at $2,777,000 after purchasing an additional 1,716 shares during the period. Millennium Management LLC raised its position in shares of NexPoint Real Estate Finance by 37.6% during the 4th quarter. Millennium Management LLC now owns 200,086 shares of the company's stock valued at $3,139,000 after purchasing an additional 54,693 shares during the period. Wedbush Securities Inc. raised its position in shares of NexPoint Real Estate Finance by 18.4% during the 1st quarter. Wedbush Securities Inc. now owns 83,897 shares of the company's stock valued at $1,283,000 after purchasing an additional 13,051 shares during the period. Finally, Northern Trust Corp raised its position in shares of NexPoint Real Estate Finance by 2.9% during the 4th quarter. Northern Trust Corp now owns 69,621 shares of the company's stock valued at $1,092,000 after purchasing an additional 1,948 shares during the period. Hedge funds and other institutional investors own 67.79% of the company's stock.

About NexPoint Real Estate Finance

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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