NexPoint Real Estate Finance (NYSE:NREF) Downgraded by Raymond James to Market Perform

Raymond James lowered shares of NexPoint Real Estate Finance (NYSE:NREF) from a strong-buy rating to a market perform rating in a research report report published on Thursday morning, MarketBeat Ratings reports.

NexPoint Real Estate Finance Stock Up 1.7 %

NYSE NREF opened at $15.52 on Thursday. The company has a quick ratio of 374.23, a current ratio of 374.23 and a debt-to-equity ratio of 1.76. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $17.25. The firm has a market capitalization of $275.00 million, a price-to-earnings ratio of -28.22 and a beta of 1.61. The company has a fifty day moving average of $15.25 and a two-hundred day moving average of $14.20.

NexPoint Real Estate Finance (NYSE:NREF) last released its quarterly earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25. The firm had revenue of $18.23 million during the quarter, compared to analysts’ expectations of $3.39 million. NexPoint Real Estate Finance had a net margin of 23.44% and a return on equity of 7.15%. During the same period in the previous year, the company earned $0.41 EPS. On average, analysts predict that NexPoint Real Estate Finance will post 0.97 earnings per share for the current year.

NexPoint Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Real Estate Finance’s dividend payout ratio is currently -363.64%.

Institutional Trading of NexPoint Real Estate Finance

A number of large investors have recently made changes to their positions in the stock. First Foundation Advisors grew its stake in NexPoint Real Estate Finance by 39.8% in the second quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock worth $206,000 after purchasing an additional 4,274 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after buying an additional 2,740 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of NexPoint Real Estate Finance by 3.5% during 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 during the period. BOKF NA increased its stake in shares of NexPoint Real Estate Finance by 3.7% during the first quarter. BOKF NA now owns 62,876 shares of the company’s stock valued at $846,000 after buying an additional 2,253 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in shares of NexPoint Real Estate Finance by 59.6% in the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock valued at $854,000 after acquiring an additional 23,249 shares in the last quarter. 67.79% of the stock is 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.