NexPoint Real Estate Finance (NYSE:NREF) had its price target hoisted by equities research analysts at Raymond James from $21.50 to $22.50 in a research report issued to clients and investors on Thursday, Price Targets.com reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 8.54% from the stock’s current price.
Separately, Zacks Investment Research upgraded shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, March 6th.
NYSE NREF opened at $20.73 on Thursday. NexPoint Real Estate Finance has a 12 month low of $10.23 and a 12 month high of $21.48. The company has a debt-to-equity ratio of 6.35, a current ratio of 1,712.96 and a quick ratio of 1,712.96. The stock’s 50 day moving average is $19.10 and its 200 day moving average is $17.70.
In other NexPoint Real Estate Finance news, Director Catherine D. Wood bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 19th. The stock was purchased at an average cost of $18.56 per share, with a total value of $55,680.00. Following the completion of the acquisition, the director now owns 4,432 shares in the company, valued at approximately $82,257.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC purchased a new position in NexPoint Real Estate Finance in the fourth quarter worth about $83,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NexPoint Real Estate Finance by 17.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,957 shares of the company’s stock valued at $214,000 after purchasing an additional 1,957 shares during the last quarter. BlackRock Inc. lifted its stake in shares of NexPoint Real Estate Finance by 3.9% in the 4th quarter. BlackRock Inc. now owns 23,031 shares of the company’s stock valued at $380,000 after purchasing an additional 865 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of NexPoint Real Estate Finance by 53.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,609 shares of the company’s stock worth $1,381,000 after purchasing an additional 28,984 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of NexPoint Real Estate Finance by 4.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 91,500 shares of the company’s stock valued at $1,512,000 after purchasing an additional 4,000 shares during the last quarter. 56.86% of the stock is owned by hedge funds and other institutional investors.
NexPoint Real Estate Finance Company Profile
NexPoint Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.
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