NexPoint Real Estate Finance (NYSE:NREF) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• NexPoint Real Estate Finance (NYSE:NREF) received a "Sell (D+)" rating from Weiss Ratings, with a current consensus rating of "Reduce" and an average target price of $14.75.
• The stock traded down 0.8% on Wednesday, reaching $13.73, and has seen a twelve-month low of $12.14 and a high of $18.09.
• President James D. Dondero acquired 66,000 shares at $14.33 each, increasing his position in the company by 26.04%.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. 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. Piper Sandler set a $15.00 target price on shares of NexPoint Real Estate Finance and gave the company a "neutral" rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $14.75.

NexPoint Real Estate Finance Trading Down 0.8%

NREF stock traded down $0.11 on Wednesday, hitting $13.73. 7,337 shares of the company were exchanged, compared to its average volume of 45,894. NexPoint Real Estate Finance has a twelve month low of $12.14 and a twelve month high of $18.09. 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 business's fifty day moving average is $14.52 and its two-hundred day moving average is $14.39. The stock has a market capitalization of $243.22 million, a price-to-earnings ratio of 5.71 and a beta of 1.28.

Insider Transactions at NexPoint Real Estate Finance

In other NexPoint Real Estate Finance news, President James D. Dondero acquired 66,000 shares of NexPoint Real Estate Finance stock in a transaction dated Monday, September 22nd. The stock was acquired at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the transaction, the president owned 319,490 shares in the company, valued at approximately $4,578,291.70. This represents a 26.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 55.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NREF. Ritholtz Wealth Management bought a new position in shares of NexPoint Real Estate Finance in the first quarter valued at $834,000. Summit Asset Management LLC bought a new position in shares of NexPoint Real Estate Finance in the second quarter valued at $553,000. Copley Financial Group Inc. increased its holdings in shares of 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 shares of NexPoint Real Estate Finance in the second quarter valued at $248,000. Finally, Wedbush Securities Inc. increased its holdings in shares of 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. 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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