NexPoint Real Estate Finance’s (NREF) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of NexPoint Real Estate Finance (NYSE:NREF) in a report released on Friday,Benzinga reports.

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

NexPoint Real Estate Finance Stock Down 3.2 %

NREF stock opened at $14.89 on Friday. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $18.09. The stock has a market capitalization of $259.99 million, a P/E ratio of 14.18 and a beta of 1.65. The firm has a 50-day simple moving average of $16.42 and a 200-day simple moving average of $15.47.

NexPoint Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date was Friday, December 13th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is 190.48%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after acquiring an additional 2,854 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in NexPoint Real Estate Finance during the third quarter worth about $104,000. Hsbc Holdings PLC raised its stake in NexPoint Real Estate Finance by 20.1% during the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after purchasing an additional 2,740 shares during the period. Barclays PLC boosted its holdings in 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 purchasing an additional 8,002 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NexPoint Real Estate Finance by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after buying an additional 814 shares during the period. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

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.