NexPoint Real Estate Finance (NYSE:NREF) Price Target Raised to $16.00

NexPoint Real Estate Finance (NYSE:NREF) had its price target raised by Keefe, Bruyette & Woods from $15.50 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

NexPoint Real Estate Finance Stock Up 0.5 %

Shares of NREF stock opened at $16.08 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The firm’s 50-day moving average is $15.57 and its 200-day moving average is $15.86. The stock has a market cap of $280.77 million, a price-to-earnings ratio of 15.31 and a beta of 1.63. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $18.09.

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

NexPoint Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 12.44%. NexPoint Real Estate Finance’s dividend payout ratio is presently 270.27%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its position in shares of NexPoint Real Estate Finance by 58.3% during the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after acquiring an additional 8,002 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after purchasing an additional 2,854 shares during the period. State Street Corp lifted its holdings in shares of NexPoint Real Estate Finance by 4.0% during the third quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after purchasing an additional 5,875 shares during the period. Penserra Capital Management LLC raised its stake in NexPoint Real Estate Finance by 22.9% during the third 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 last quarter. Finally, Navis Wealth Advisors LLC raised its stake in NexPoint Real Estate Finance by 61.0% during the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock worth $269,000 after buying an additional 6,502 shares during the last quarter. 67.79% of the stock is owned by institutional investors.

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.