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

Key Points

• NexPoint Real Estate Finance has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook on its stock performance.
• Keefe, Bruyette & Woods has also reduced its target price for NexPoint from $15.00 to $14.50, maintaining a "market perform" rating.
• Institutional investors have been active, with significant stake increases from firms including LPL Financial LLC and JPMorgan Chase & Co. in the last quarter.

Wall Street Zen lowered shares of NexPoint Real Estate Finance (NYSE:NREF - Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

Separately, Keefe, Bruyette & Woods lowered their target price on 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.75.

NexPoint Real Estate Finance Trading Up 0.4%

Shares of NexPoint Real Estate Finance stock traded up $0.05 on Friday, reaching $13.86. 17,455 shares of the company's stock were exchanged, compared to its average volume of 45,042. The company has a market capitalization of $245.46 million, a P/E ratio of 5.75 and a beta of 1.22. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $18.09. The firm's 50-day moving average is $14.24 and its two-hundred day moving average is $14.74. The company has a debt-to-equity ratio of 1.66, a quick ratio of 230.81 and a current ratio of 230.81.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 14.4%. NexPoint Real Estate Finance's dividend payout ratio is presently 82.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1776 Wealth LLC boosted its stake in NexPoint Real Estate Finance by 1.6% in the 1st quarter. 1776 Wealth LLC now owns 61,939 shares of the company's stock worth $947,000 after purchasing an additional 1,000 shares during the period. Wells Fargo & Company MN raised its holdings in shares of NexPoint Real Estate Finance by 27.8% in the 4th 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. Berkeley Capital Partners LLC raised its holdings in shares of NexPoint Real Estate Finance by 2.9% in the 1st quarter. Berkeley Capital Partners LLC now owns 38,971 shares of the company's stock valued at $596,000 after acquiring an additional 1,084 shares in the last quarter. Corton Capital Inc. raised its holdings in shares of NexPoint Real Estate Finance by 9.1% in the 2nd quarter. Corton Capital Inc. now owns 17,104 shares of the company's stock valued at $236,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of NexPoint Real Estate Finance by 7.4% in the 4th quarter. Barclays PLC now owns 23,345 shares of the company's stock valued at $366,000 after acquiring an additional 1,615 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.