NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) shares traded down 6.3% during mid-day trading on Monday . The stock traded as low as $13.37 and last traded at $13.45. 58,680 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 37,931 shares. The stock had previously closed at $14.36.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods lowered NexPoint Real Estate Finance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 13th.
Get Our Latest Stock Report on NexPoint Real Estate Finance
NexPoint Real Estate Finance Trading Down 6.3 %
The business has a 50 day moving average of $14.29 and a two-hundred day moving average of $15.14. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31. The firm has a market capitalization of $236.59 million, a price-to-earnings ratio of 20.69 and a beta of 1.60.
NexPoint Real Estate Finance Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 14.87%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is currently 307.69%.
Institutional Trading of NexPoint Real Estate Finance
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in NexPoint Real Estate Finance by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 422,936 shares of the company’s stock worth $6,661,000 after purchasing an additional 1,653 shares in the last quarter. Barclays PLC grew its holdings in NexPoint Real Estate Finance by 102.6% during the fourth quarter. Barclays PLC now owns 18,405 shares of the company’s stock valued at $291,000 after purchasing an additional 9,322 shares during the period. Nuveen Asset Management LLC grew its holdings in NexPoint Real Estate Finance by 17.4% during the fourth quarter. Nuveen Asset Management LLC now owns 12,964 shares of the company’s stock valued at $204,000 after purchasing an additional 1,917 shares during the period. Northern Trust Corp grew its holdings in NexPoint Real Estate Finance by 6.8% during the fourth quarter. Northern Trust Corp now owns 71,159 shares of the company’s stock valued at $1,121,000 after purchasing an additional 4,526 shares during the period. Finally, Raymond James & Associates lifted its position in shares of NexPoint Real Estate Finance by 9.8% during the fourth quarter. Raymond James & Associates now owns 236,087 shares of the company’s stock worth $3,718,000 after acquiring an additional 21,025 shares in 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 stock, as well as multifamily commercial mortgage-backed securities securitizations.
See Also
Receive News & Ratings for NexPoint Real Estate Finance Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NexPoint Real Estate Finance and related companies with MarketBeat.com’s FREE daily email newsletter.
No Comment! Be the first one.