NexPoint Real Estate Finance (NYSE:NREF) Given New $14.00 Price Target at Piper Sandler

NexPoint Real Estate Finance (NYSE:NREF - Free Report) had its price objective decreased by Piper Sandler from $16.00 to $14.00 in a research report sent to investors on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods cut their target price on NexPoint Real Estate Finance from $15.00 to $14.00 and set a market perform rating on the stock in a research note on Wednesday, April 10th.

NexPoint Real Estate Finance Stock Up 0.2 %

Shares of NexPoint Real Estate Finance stock traded up $0.03 during midday trading on Monday, hitting $13.24. The company had a trading volume of 52,009 shares, compared to its average volume of 38,581. The company has a 50 day moving average of $13.58 and a 200 day moving average of $14.71. The stock has a market capitalization of $232.89 million, a P/E ratio of -24.07 and a beta of 1.61. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $17.84. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 15.11%. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Real Estate Finance's dividend payout ratio (DPR) is currently -363.64%.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management LLC raised its stake in shares of NexPoint Real Estate Finance by 11.1% in the third quarter. Kennedy Capital Management LLC now owns 250,624 shares of the company's stock worth $4,100,000 after purchasing an additional 25,058 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of NexPoint Real Estate Finance by 9.8% during the 4th quarter. Raymond James & Associates now owns 236,087 shares of the company's stock valued at $3,718,000 after acquiring an additional 21,025 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of NexPoint Real Estate Finance by 21.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 224,320 shares of the company's stock worth $3,670,000 after acquiring an additional 39,573 shares during the period. Acadian Asset Management LLC grew its stake in shares of NexPoint Real Estate Finance by 39.1% in the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company's stock worth $1,826,000 after acquiring an additional 31,400 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of NexPoint Real Estate Finance by 33.3% during the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company's stock valued at $362,000 after purchasing an additional 5,532 shares during the last quarter. 67.79% of the stock is owned by institutional investors.

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.