NexPoint Real Estate Finance (NYSE:NREF) Price Target Cut to $13.50 by Analysts at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its target price lowered by Keefe, Bruyette & Woods from $14.00 to $13.50 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, Piper Sandler dropped their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and set a neutral rating for the company in a research report on Monday.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $13.39 on Tuesday. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $17.84. The company has a quick ratio of 460.31, a current ratio of 460.31 and a debt-to-equity ratio of 2.78. The firm’s fifty day moving average is $13.58 and its 200 day moving average is $14.70. The company has a market cap of $235.53 million, a price-to-earnings ratio of -24.35 and a beta of 1.61.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 14.94%. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is currently -363.64%.

Institutional Trading of NexPoint Real Estate Finance

Several institutional investors have recently added to or reduced their stakes in NREF. Raymond James Financial Services Advisors Inc. lifted its stake in shares of 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. Nisa Investment Advisors LLC grew its holdings in shares of 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 worth $102,000 after purchasing an additional 1,750 shares during the last quarter. Barclays PLC increased its stake in NexPoint Real Estate Finance by 90.3% in the 3rd quarter. Barclays PLC now owns 9,083 shares of the company’s stock worth $149,000 after buying an additional 4,309 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in NexPoint Real Estate Finance by 33.3% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock valued at $362,000 after buying an additional 5,532 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in NexPoint Real Estate Finance in the 3rd quarter valued at about $182,000. Institutional investors own 67.79% of the company’s stock.

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.