NexPoint Real Estate Finance (NYSE:NREF) Stock Gets Price Target Reduction from Piper Sandler

NexPoint Real Estate Finance (NYSE:NREF) had its price objective reduced by Piper Sandler from $17.50 to $15.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also weighed in on the stock. Wall Street Zen lowered shares of NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of NexPoint Real Estate Finance in a research report on Monday, September 28th. Zacks Research upgraded shares of NexPoint Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, October 9th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, NexPoint Real Estate Finance presently has a consensus rating of “Hold” and an average price target of $14.50.

NexPoint Real Estate Finance Price Performance

Shares of NREF opened at $13.19 on Monday. NexPoint Real Estate Finance has a 52-week low of $12.60 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 1.79, a quick ratio of 163.94 and a current ratio of 163.94. The business’s 50 day moving average price is $15.64 and its two-hundred day moving average price is $15.38. The firm has a market cap of $248.51 million, a PE ratio of 22.73 and a beta of 1.11.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Real Estate Finance’s payout ratio is presently 344.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in NexPoint Real Estate Finance by 92.8% in the third quarter. Russell Investments Group Ltd. now owns 61,830 shares of the company’s stock valued at $960,000 after acquiring an additional 29,755 shares during the period. Next Level Wealth Planning LLC bought a new stake in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $26,000. Concorde Asset Management LLC raised its position in shares of NexPoint Real Estate Finance by 10.7% during the second quarter. Concorde Asset Management LLC now owns 25,950 shares of the company’s stock worth $402,000 after purchasing an additional 2,500 shares during the period. HighTower Advisors LLC raised its position in shares of NexPoint Real Estate Finance by 17.0% during the second quarter. HighTower Advisors LLC now owns 32,413 shares of the company’s stock worth $502,000 after purchasing an additional 4,703 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of NexPoint Real Estate Finance during the second quarter worth approximately $90,000. 67.79% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc. is a real estate investment trust that invests in commercial real estate debt and equity, with a primary focus on multifamily properties in the United States. Its investments may include mortgage loans, mezzanine loans, preferred equity, commercial mortgage-backed securities and interests in real estate. The company’s strategy includes financing properties and real estate projects, including those undergoing renovation or development. NexPoint Real Estate Finance is externally managed by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors.