NexPoint Real Estate Finance, Inc. (NYSE:NREF) Sees Large Decline in Short Interest

NexPoint Real Estate Finance, Inc. (NYSE:NREF - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 103,600 shares, a decrease of 17.6% from the March 31st total of 125,700 shares. Based on an average daily volume of 40,500 shares, the short-interest ratio is presently 2.6 days. Currently, 1.3% of the shares of the stock are sold short.

NexPoint Real Estate Finance Price Performance

NYSE NREF traded up $0.09 during trading hours on Tuesday, reaching $14.30. 13,756 shares of the company's stock were exchanged, compared to its average volume of 42,297. NexPoint Real Estate Finance has a one year low of $12.14 and a one year high of $18.09. The stock has a market cap of $252.22 million, a PE ratio of 13.61 and a beta of 1.33. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average of $14.78 and a 200-day moving average of $15.50.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. On average, equities research analysts predict that NexPoint Real Estate Finance will post 1.48 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued 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 yield of 13.99%. NexPoint Real Estate Finance's dividend payout ratio is presently 88.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating on the stock in a research note on Friday. JMP Securities reiterated a "market perform" rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NREF. Raymond James Financial Inc. bought a new stake in shares of NexPoint Real Estate Finance in the 4th quarter valued at about $5,208,000. Millennium Management LLC increased its stake in NexPoint Real Estate Finance by 37.6% in the fourth quarter. Millennium Management LLC now owns 200,086 shares of the company's stock valued at $3,139,000 after purchasing an additional 54,693 shares in the last quarter. Wedbush Securities Inc. raised its holdings in NexPoint Real Estate Finance by 18.4% in the first quarter. Wedbush Securities Inc. now owns 83,897 shares of the company's stock worth $1,283,000 after purchasing an additional 13,051 shares during the period. Northern Trust Corp boosted its position in shares of NexPoint Real Estate Finance by 2.9% during the fourth quarter. Northern Trust Corp now owns 69,621 shares of the company's stock worth $1,092,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of NexPoint Real Estate Finance by 20.9% in the 1st quarter. Penserra Capital Management LLC now owns 65,343 shares of the company's stock valued at $999,000 after buying an additional 11,286 shares during the period. Institutional investors own 67.79% of the company's stock.

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.