Raymond James Financial Inc. Acquires New Shares in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Raymond James Financial Inc. purchased a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 331,922 shares of the company's stock, valued at approximately $5,208,000. Raymond James Financial Inc. owned approximately 1.90% of NexPoint Real Estate Finance at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in NexPoint Real Estate Finance by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,801 shares of the company's stock worth $75,000 after acquiring an additional 1,045 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NexPoint Real Estate Finance by 77.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock worth $102,000 after purchasing an additional 2,854 shares during the period. Copley Financial Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance during the 3rd quarter valued at about $104,000. Navis Wealth Advisors LLC increased its holdings in NexPoint Real Estate Finance by 61.0% during the 4th quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company's stock valued at $269,000 after purchasing an additional 6,502 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company's stock valued at $340,000 after buying an additional 8,002 shares during the period. Institutional investors and hedge funds own 67.79% of the company's stock.

NexPoint Real Estate Finance Stock Performance

NREF traded down $0.32 during midday trading on Thursday, reaching $14.32. The company had a trading volume of 8,087 shares, compared to its average volume of 41,292. The stock has a market cap of $252.57 million, a PE ratio of 13.64 and a beta of 1.34. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The business has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $15.52. NexPoint Real Estate Finance, Inc. has a 12-month low of $12.14 and a 12-month high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). On average, sell-side analysts expect that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.97%. NexPoint Real Estate Finance's dividend payout ratio (DPR) is currently 270.27%.

Analyst Ratings Changes

NREF has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their price target on NexPoint Real Estate Finance from $16.00 to $15.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

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.