Navis Wealth Advisors LLC Buys 6,502 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Navis Wealth Advisors LLC lifted its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 61.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,162 shares of the company’s stock after acquiring an additional 6,502 shares during the period. Navis Wealth Advisors LLC owned approximately 0.10% of NexPoint Real Estate Finance worth $269,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after purchasing an additional 8,002 shares during the period. State Street Corp raised its position in NexPoint Real Estate Finance by 4.0% in the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after purchasing an additional 5,875 shares during the period. Penserra Capital Management LLC raised its position in NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock worth $1,092,000 after purchasing an additional 13,020 shares during the period. Hsbc Holdings PLC increased its position in shares of NexPoint Real Estate Finance by 20.1% in the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after acquiring an additional 2,740 shares during the period. Finally, Copley Financial Group Inc. purchased a new position in shares of NexPoint Real Estate Finance in the third quarter valued at about $104,000. 67.79% of the stock is owned by institutional investors.

NexPoint Real Estate Finance Trading Down 0.6 %

Shares of NREF opened at $15.13 on Friday. The firm’s 50-day moving average price is $16.25 and its 200-day moving average price is $15.61. The firm has a market capitalization of $264.10 million, a price-to-earnings ratio of 14.40 and a beta of 1.65. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a 1-year low of $12.63 and a 1-year high of $18.09.

NexPoint Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.22%. The ex-dividend date of this dividend was Friday, December 13th. NexPoint Real Estate Finance’s payout ratio is currently 190.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JMP Securities restated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Keefe, Bruyette & Woods decreased their price objective on shares of NexPoint Real Estate Finance from $16.50 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.

NexPoint Real Estate Finance 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.