NexPoint Real Estate Finance (NYSE:NREF) Price Target Cut to $14.00

NexPoint Real Estate Finance (NYSE:NREF) had its price target reduced by Piper Sandler from $16.00 to $14.00 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods lowered their price target on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a market perform rating on the stock in a report on Wednesday, April 10th.

NexPoint Real Estate Finance Stock Performance

NREF stock opened at $13.36 on Monday. The firm has a 50 day simple moving average of $13.58 and a 200 day simple moving average of $14.69. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $17.84. The stock has a market cap of $235.00 million, a P/E ratio of -24.95 and a beta of 1.61. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31.

NexPoint Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.97%. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Real Estate Finance’s payout ratio is presently -363.64%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently made changes to their positions in NREF. Nisa Investment Advisors LLC boosted its stake in NexPoint Real Estate Finance by 38.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock valued at $102,000 after purchasing an additional 1,750 shares during the period. Barclays PLC boosted its position in shares of NexPoint Real Estate Finance by 90.3% in the third quarter. Barclays PLC now owns 9,083 shares of the company’s stock valued at $149,000 after acquiring an additional 4,309 shares during the period. Hsbc Holdings PLC bought a new stake in shares of NexPoint Real Estate Finance in the third quarter valued at approximately $182,000. Atria Wealth Solutions Inc. increased its position in NexPoint Real Estate Finance by 33.3% during the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock worth $362,000 after acquiring an additional 5,532 shares during the period. Finally, Acadian Asset Management LLC increased its position in NexPoint Real Estate Finance by 39.1% during the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after acquiring an additional 31,400 shares during the period. 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.