Piper Sandler set a $15.00 price objective on NexPoint Real Estate Finance (NYSE:NREF - Free Report) in a research report report published on Monday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also commented on NREF. Keefe, Bruyette & Woods decreased their target price on shares of NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered NexPoint Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.75.
Check Out Our Latest Report on NREF
NexPoint Real Estate Finance Trading Up 0.5%
NREF traded up $0.08 during trading hours on Monday, reaching $14.25. The company's stock had a trading volume of 2,681 shares, compared to its average volume of 45,076. The business's 50-day moving average is $14.21 and its 200-day moving average is $14.72. The company has a debt-to-equity ratio of 1.66, a current ratio of 230.81 and a quick ratio of 230.81. The stock has a market cap of $252.28 million, a PE ratio of 5.91 and a beta of 1.22. NexPoint Real Estate Finance has a fifty-two week low of $12.14 and a fifty-two week high of $18.09.
NexPoint Real Estate Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Monday, September 15th. NexPoint Real Estate Finance's dividend payout ratio is presently 82.99%.
Hedge Funds Weigh In On NexPoint Real Estate Finance
Several hedge funds and other institutional investors have recently made changes to their positions in NREF. Strs Ohio purchased a new stake in shares of NexPoint Real Estate Finance during the first quarter worth $26,000. Wells Fargo & Company MN raised 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 acquiring an additional 1,045 shares in the last quarter. MetLife Investment Management LLC bought a new stake in NexPoint Real Estate Finance in the first quarter worth approximately $74,000. JPMorgan Chase & Co. increased its stake in shares of NexPoint Real Estate Finance by 47.3% during the 4th quarter. JPMorgan Chase & Co. now owns 9,649 shares of the company's stock worth $151,000 after purchasing an additional 3,099 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in NexPoint Real Estate Finance in the fourth quarter worth $186,000. 67.79% of the stock is currently owned by institutional investors and hedge funds.
NexPoint Real Estate Finance Company Profile
(
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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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