NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) had its price objective decreased by Keefe, Bruyette & Woods from $15.00 to $14.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 8.28% from the company's previous close.
NexPoint Real Estate Finance Trading Down 2.5 %
NYSE NREF traded down $0.33 on Wednesday, hitting $12.93. 81,279 shares of the stock were exchanged, compared to its average volume of 38,966. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31. The stock has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $15.00. The firm has a market capitalization of $227.44 million, a P/E ratio of 19.89 and a beta of 1.60. NexPoint Real Estate Finance has a 52-week low of $12.53 and a 52-week high of $17.84.
Institutional Trading of NexPoint Real Estate Finance
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in NexPoint Real Estate Finance by 23.5% in the second quarter. BlackRock Inc. now owns 630,190 shares of the company's stock worth $9,825,000 after acquiring an additional 120,055 shares during the period. Vanguard Group Inc. increased its holdings in shares of NexPoint Real Estate Finance by 28.6% during the first quarter. Vanguard Group Inc. now owns 354,696 shares of the company's stock valued at $8,016,000 after acquiring an additional 78,938 shares in the last quarter. State Street Corp increased its holdings in shares of NexPoint Real Estate Finance by 166.2% during the second quarter. State Street Corp now owns 97,756 shares of the company's stock valued at $1,982,000 after acquiring an additional 61,036 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NexPoint Real Estate Finance by 192.4% during the second quarter. Northern Trust Corp now owns 66,502 shares of the company's stock valued at $1,348,000 after acquiring an additional 43,756 shares in the last quarter. Finally, 1776 Wealth LLC acquired a new position in shares of NexPoint Real Estate Finance during the fourth quarter valued at about $656,000. 67.79% of the stock is owned by hedge funds and other institutional investors.
About NexPoint Real Estate Finance
(
Get Free Report)
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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