Ritholtz Wealth Management grew its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF – Free Report) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,632 shares of the company’s stock after buying an additional 2,111 shares during the quarter. Ritholtz Wealth Management owned 0.32% of NexPoint Real Estate Finance worth $781,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of NREF. Penserra Capital Management LLC grew its stake in shares of NexPoint Real Estate Finance by 20.9% in the first quarter. Penserra Capital Management LLC now owns 65,343 shares of the company’s stock worth $999,000 after purchasing an additional 11,286 shares during the last quarter. Berkeley Capital Partners LLC grew its stake in shares of NexPoint Real Estate Finance by 2.9% in the first quarter. Berkeley Capital Partners LLC now owns 38,971 shares of the company’s stock worth $596,000 after purchasing an additional 1,084 shares during the last quarter. 1776 Wealth LLC grew its stake in shares of NexPoint Real Estate Finance by 1.6% in the first quarter. 1776 Wealth LLC now owns 61,939 shares of the company’s stock worth $947,000 after purchasing an additional 1,000 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of 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 last quarter. Finally, HighTower Advisors LLC grew its stake in shares of NexPoint Real Estate Finance by 20.7% in the first quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock worth $346,000 after purchasing an additional 3,871 shares during the last quarter. 67.79% of the stock is owned by institutional investors.
Insider Activity
In other NexPoint Real Estate Finance news, President James D. Dondero bought 66,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was purchased at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the acquisition, the president owned 319,490 shares of the company’s stock, valued at approximately $4,578,291.70. This trade represents a 26.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 55.70% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on NexPoint Real Estate Finance
NexPoint Real Estate Finance Stock Performance
NexPoint Real Estate Finance stock opened at $13.45 on Friday. The stock’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $14.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44. The stock has a market cap of $238.33 million, a price-to-earnings ratio of 5.58 and a beta of 1.28. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.14 and a fifty-two week high of $18.09.
NexPoint Real Estate Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend was Monday, September 15th. NexPoint Real Estate Finance’s payout ratio is presently 82.99%.
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.
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