NexPoint Real Estate Finance, Inc. (NYSE:NREF) Stake Lessened by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,058 shares of the company's stock after selling 89,262 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.78% of NexPoint Real Estate Finance worth $2,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NREF. BlackRock Inc. increased its holdings in shares of NexPoint Real Estate Finance by 23.5% in the second quarter. BlackRock Inc. now owns 630,190 shares of the company's stock valued at $9,825,000 after purchasing an additional 120,055 shares during the period. Vanguard Group Inc. raised its holdings in NexPoint Real Estate Finance by 28.6% during the first quarter. Vanguard Group Inc. now owns 354,696 shares of the company's stock worth $8,016,000 after purchasing an additional 78,938 shares in the last quarter. State Street Corp lifted its position in NexPoint Real Estate Finance by 166.2% in the second quarter. State Street Corp now owns 97,756 shares of the company's stock valued at $1,982,000 after purchasing an additional 61,036 shares during the period. Northern Trust Corp lifted its holdings in shares of NexPoint Real Estate Finance by 192.4% in the 2nd quarter. Northern Trust Corp now owns 66,502 shares of the company's stock valued at $1,348,000 after buying an additional 43,756 shares during the period. Finally, 1776 Wealth LLC purchased a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $656,000. Hedge funds and other institutional investors own 67.79% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price target on shares of 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.

NexPoint Real Estate Finance Price Performance

Shares of NYSE:NREF traded down $0.33 during trading on Wednesday, hitting $12.93. 81,279 shares of the stock were exchanged, compared to its average volume of 38,966. NexPoint Real Estate Finance, Inc. has a 12-month low of $12.53 and a 12-month high of $17.84. The company has a market cap of $227.44 million, a PE ratio of 19.77 and a beta of 1.60. The company has a fifty day moving average price of $14.00 and a two-hundred day moving average price of $15.01. The company has a current ratio of 460.31, a quick ratio of 460.31 and a debt-to-equity ratio of 2.78.

NexPoint Real Estate Finance Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 15.47%. NexPoint Real Estate Finance's payout ratio is 307.69%.

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.