Keefe, Bruyette & Woods Lowers NexPoint Real Estate Finance (NYSE:NREF) Price Target to $13.50

NexPoint Real Estate Finance (NYSE:NREF - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $14.00 to $13.50 in a research report report published on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Separately, Piper Sandler cut their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and set a neutral rating on the stock in a research note on Monday.

NexPoint Real Estate Finance Trading Up 1.8 %

Shares of NYSE:NREF traded up $0.24 on Tuesday, hitting $13.39. 40,958 shares of the company's stock were exchanged, compared to its average volume of 38,607. NexPoint Real Estate Finance has a 12 month low of $12.63 and a 12 month high of $17.84. The stock has a market capitalization of $235.53 million, a price-to-earnings ratio of -24.35 and a beta of 1.61. The business's 50 day simple moving average is $13.58 and its two-hundred day simple moving average is $14.70. The company has a debt-to-equity ratio of 2.78, a current ratio of 460.31 and a quick ratio of 460.31.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 14.94%. NexPoint Real Estate Finance's dividend payout ratio is presently -363.64%.

Institutional Trading of NexPoint Real Estate Finance

A number of institutional investors have recently modified their holdings of NREF. Nisa Investment Advisors LLC raised its position in NexPoint Real Estate Finance by 38.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company's stock worth $102,000 after buying an additional 1,750 shares during the last quarter. Barclays PLC raised its position in NexPoint Real Estate Finance by 90.3% during the 3rd quarter. Barclays PLC now owns 9,083 shares of the company's stock worth $149,000 after buying an additional 4,309 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of NexPoint Real Estate Finance during the 3rd quarter valued at approximately $182,000. Atria Wealth Solutions Inc. increased its holdings in shares of NexPoint Real Estate Finance by 33.3% during the 3rd 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 in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of NexPoint Real Estate Finance by 39.1% during the 3rd quarter. Acadian Asset Management LLC now owns 111,731 shares of the company's stock valued at $1,826,000 after purchasing an additional 31,400 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors.

About NexPoint Real Estate Finance

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.