NexPoint Real Estate Finance (NYSE:NREF) Given New $15.50 Price Target at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its target price lowered by Keefe, Bruyette & Woods from $16.50 to $15.50 in a report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other research analysts have also recently issued research reports about the company. JMP Securities restated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Raymond James cut NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 19th.

NexPoint Real Estate Finance Stock Up 0.9 %

NREF stock opened at $15.14 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The stock has a market capitalization of $264.36 million, a price-to-earnings ratio of 14.42 and a beta of 1.65. The business’s fifty day moving average price is $16.42 and its two-hundred day moving average price is $15.52. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $18.09.

NexPoint Real Estate Finance Dividend Announcement

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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 13.21%. The ex-dividend date was Friday, December 13th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 190.48%.

Institutional Trading of NexPoint Real Estate Finance

Several large investors have recently bought and sold shares of NREF. Bank of New York Mellon Corp boosted its stake in NexPoint Real Estate Finance by 3.5% in the second 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 in the last quarter. Hsbc Holdings PLC boosted its stake in shares of NexPoint Real Estate Finance by 20.1% during the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after purchasing an additional 2,740 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of NexPoint Real Estate Finance by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after purchasing an additional 13,020 shares in the last quarter. State Street Corp boosted its stake in shares of NexPoint Real Estate Finance by 4.0% during the third quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after purchasing an additional 5,875 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of NexPoint Real Estate Finance by 58.3% during the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after purchasing an additional 8,002 shares in the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

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.