Keefe, Bruyette & Woods Cuts NexPoint Real Estate Finance (NYSE:NREF) Price Target to $15.50

NexPoint Real Estate Finance (NYSE:NREF) had its price objective cut by Keefe, Bruyette & Woods from $16.50 to $15.50 in a report published on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other analysts also recently weighed in on NREF. Raymond James downgraded NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 19th. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th.

NexPoint Real Estate Finance Stock Performance

NYSE:NREF opened at $15.45 on Tuesday. The stock has a fifty day moving average price of $16.41 and a 200-day moving average price of $15.52. The company has a market cap of $269.67 million, a price-to-earnings ratio of 14.71 and a beta of 1.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.95%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is currently 190.48%.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of NexPoint Real Estate Finance by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after buying an additional 814 shares in the last quarter. Hsbc Holdings PLC raised its holdings 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. JPMorgan Chase & Co. raised its holdings in shares of NexPoint Real Estate Finance by 77.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after buying an additional 2,854 shares in the last quarter. State Street Corp raised its holdings in shares of NexPoint Real Estate Finance by 4.0% during the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after buying an additional 5,875 shares in the last quarter. Finally, Copley Financial Group Inc. acquired a new position in shares of NexPoint Real Estate Finance during the 3rd quarter worth $104,000. Institutional investors and hedge funds own 67.79% of the company’s stock.

About NexPoint Real Estate Finance

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.