Atria Wealth Solutions Inc. lowered its stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF – Free Report) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,767 shares of the company’s stock after selling 5,376 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NexPoint Real Estate Finance were worth $264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in NexPoint Real Estate Finance by 38.9% in the third quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock valued at $102,000 after buying an additional 1,750 shares during the period. Barclays PLC increased its stake in shares of NexPoint Real Estate Finance by 90.3% in the 3rd quarter. Barclays PLC now owns 9,083 shares of the company’s stock valued at $149,000 after acquiring an additional 4,309 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of NexPoint Real Estate Finance in the 3rd quarter valued at about $182,000. Acadian Asset Management LLC raised its position in shares of NexPoint Real Estate Finance by 39.1% in the 3rd quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock valued at $1,826,000 after acquiring an additional 31,400 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in NexPoint Real Estate Finance by 21.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 224,320 shares of the company’s stock worth $3,670,000 after acquiring an additional 39,573 shares during the last quarter. 67.79% of the stock is currently owned by institutional investors.
NexPoint Real Estate Finance Trading Up 2.6 %
Shares of NYSE:NREF opened at $13.72 on Thursday. The firm has a market cap of $241.33 million, a price-to-earnings ratio of -24.67 and a beta of 1.61. NexPoint Real Estate Finance, Inc. has a 12 month low of $12.63 and a 12 month high of $17.84. The company’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $14.69. The company has a quick ratio of 460.31, a current ratio of 460.31 and a debt-to-equity ratio of 2.78.
NexPoint Real Estate Finance Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 14.58%. The ex-dividend date is Friday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is -363.64%.
Analysts Set New Price Targets
Several brokerages have commented on NREF. Piper Sandler lowered their target price on shares of NexPoint Real Estate Finance from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of NexPoint Real Estate Finance from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday.
View Our Latest Research Report on NREF
NexPoint Real Estate Finance Company 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.
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