Morey & Quinn Wealth Partners LLC Takes $622,000 Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Morey & Quinn Wealth Partners LLC acquired a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,639 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NREF. Raymond James Financial Inc. purchased a new position in shares of NexPoint Real Estate Finance during the fourth quarter valued at approximately $5,208,000. State Street Corp raised its stake in NexPoint Real Estate Finance by 4.0% in the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after acquiring an additional 5,875 shares during the period. Penserra Capital Management LLC boosted its holdings in NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock worth $1,092,000 after buying an additional 13,020 shares during the period. Berkeley Capital Partners LLC boosted its holdings in shares of NexPoint Real Estate Finance by 2.1% in the fourth quarter. Berkeley Capital Partners LLC now owns 37,887 shares of the company’s stock worth $594,000 after acquiring an additional 780 shares during the period. Finally, LPL Financial LLC grew its position in shares of NexPoint Real Estate Finance by 7.0% in the fourth quarter. LPL Financial LLC now owns 31,093 shares of the company’s stock valued at $488,000 after purchasing an additional 2,045 shares in the last quarter. 67.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $15.70 on Wednesday. The firm’s fifty day moving average is $15.71 and its 200 day moving average is $15.85. 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, Inc. has a 52-week low of $12.63 and a 52-week high of $18.09. The company has a market cap of $274.14 million, a price-to-earnings ratio of 14.95 and a beta of 1.63.

NexPoint Real Estate Finance (NYSE:NREF) last released its earnings results on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $11.38 million. Sell-side analysts forecast that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date is Friday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is currently 270.27%.

NexPoint Real Estate Finance 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.