Piper Sandler set a $15.00 price objective on NexPoint Real Estate Finance (NYSE:NREF - Free Report) in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently commented on NREF. Wall Street Zen downgraded NexPoint Real Estate Finance from a "hold" rating to a "sell" rating in a report on Saturday. Keefe, Bruyette & Woods reduced their target price on NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $14.75.
Read Our Latest Report on NexPoint Real Estate Finance
NexPoint Real Estate Finance Stock Performance
NREF traded up $0.04 during trading on Monday, reaching $13.85. 10,871 shares of the company were exchanged, compared to its average volume of 45,003. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $18.09. The stock has a market cap of $245.27 million, a P/E ratio of 5.74 and a beta of 1.22. The firm has a 50 day moving average of $14.24 and a 200 day moving average of $14.74. The company has a current ratio of 230.81, a quick ratio of 230.81 and a debt-to-equity ratio of 1.66.
NexPoint Real Estate Finance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Real Estate Finance's dividend payout ratio (DPR) is presently 82.99%.
Hedge Funds Weigh In On NexPoint Real Estate Finance
Several institutional investors and hedge funds have recently made changes to their positions in NREF. Strs Ohio acquired a new stake in NexPoint Real Estate Finance during the first quarter worth approximately $26,000. Wells Fargo & Company MN grew 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 worth $75,000 after buying an additional 1,045 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in NexPoint Real Estate Finance during the first quarter worth approximately $74,000. JPMorgan Chase & Co. grew its position in NexPoint Real Estate Finance by 47.3% during the fourth quarter. JPMorgan Chase & Co. now owns 9,649 shares of the company's stock worth $151,000 after buying an additional 3,099 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in NexPoint Real Estate Finance during the fourth quarter worth approximately $186,000. Institutional investors and hedge funds own 67.79% of the company's stock.
About NexPoint Real Estate Finance
(
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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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