NexPoint Real Estate Finance (NYSE:NREF) Price Target Increased to $22.50 by Analysts at Raymond James


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NexPoint Real Estate Finance (NYSE:NREF) had its target price raised by Raymond James from $21.50 to $22.50 in a research report released on Wednesday, Benzinga reports. They currently have a strong-buy rating on the stock.

Separately, Zacks Investment Research raised shares of NexPoint Real Estate Finance from a hold rating to a buy rating and set a $23.00 target price for the company in a research report on Saturday, April 17th.

Shares of NREF stock opened at $20.72 on Wednesday. NexPoint Real Estate Finance has a 12 month low of $10.23 and a 12 month high of $21.48. The company has a current ratio of 1,712.96, a quick ratio of 1,712.96 and a debt-to-equity ratio of 6.35. The company’s fifty day moving average price is $19.29 and its two-hundred day moving average price is $17.86.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings data on Wednesday, February 17th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09. On average, analysts anticipate that NexPoint Real Estate Finance will post 1.42 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were given a $0.475 dividend. The ex-dividend date was Friday, March 12th. This represents a $1.90 annualized dividend and a dividend yield of 9.17%. This is an increase from NexPoint Real Estate Finance’s previous quarterly dividend of $0.40.

In related news, Director Catherine D. Wood bought 3,000 shares of the company’s stock in a transaction dated Friday, March 19th. The stock was bought at an average price of $18.56 per share, with a total value of $55,680.00. Following the transaction, the director now owns 4,432 shares of the company’s stock, valued at $82,257.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of NREF. Sowell Financial Services LLC acquired a new stake in shares of NexPoint Real Estate Finance in the 4th quarter worth approximately $83,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NexPoint Real Estate Finance by 17.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,957 shares of the company’s stock worth $214,000 after acquiring an additional 1,957 shares during the period. BlackRock Inc. lifted its stake in shares of NexPoint Real Estate Finance by 3.9% in the 4th quarter. BlackRock Inc. now owns 23,031 shares of the company’s stock worth $380,000 after acquiring an additional 865 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of NexPoint Real Estate Finance by 53.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,609 shares of the company’s stock worth $1,381,000 after acquiring an additional 28,984 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in NexPoint Real Estate Finance by 4.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,500 shares of the company’s stock valued at $1,512,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

About NexPoint Real Estate Finance

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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