Summit Asset Management LLC Makes New $553,000 Investment in NexPoint Real Estate Finance, Inc. $NREF

Summit Asset Management LLC bought a new stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,083 shares of the company’s stock, valued at approximately $553,000. Summit Asset Management LLC owned 0.23% of NexPoint Real Estate Finance as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. 1776 Wealth LLC lifted its stake in NexPoint Real Estate Finance by 1.6% in the 1st quarter. 1776 Wealth LLC now owns 61,939 shares of the company’s stock valued at $947,000 after buying an additional 1,000 shares in the last quarter. Berkeley Capital Partners LLC increased its stake in NexPoint Real Estate Finance by 2.9% during the 1st quarter. Berkeley Capital Partners LLC now owns 38,971 shares of the company’s stock worth $596,000 after buying an additional 1,084 shares in the last quarter. Corton Capital Inc. raised its holdings in shares of NexPoint Real Estate Finance by 9.1% during the second quarter. Corton Capital Inc. now owns 17,104 shares of the company’s stock valued at $236,000 after acquiring an additional 1,429 shares during the last quarter. Strs Ohio purchased a new position in shares of NexPoint Real Estate Finance in the first quarter valued at approximately $26,000. Finally, Ritholtz Wealth Management lifted its position in shares of NexPoint Real Estate Finance by 3.9% in the second quarter. Ritholtz Wealth Management now owns 56,632 shares of the company’s stock valued at $781,000 after acquiring an additional 2,111 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Stock Performance

Shares of NexPoint Real Estate Finance stock opened at $13.39 on Friday. The business’s 50 day moving average price is $14.04 and its 200 day moving average price is $14.29. The company has a market cap of $237.18 million, a price-to-earnings ratio of 4.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44. NexPoint Real Estate Finance, Inc. has a one year low of $12.14 and a one year high of $18.09.

NexPoint Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.00 annualized dividend and a dividend yield of 14.9%. NexPoint Real Estate Finance’s payout ratio is presently 71.17%.

Insider Buying and Selling at NexPoint Real Estate Finance

In other news, President James D. Dondero acquired 66,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was purchased at an average price of $14.33 per share, with a total value of $945,780.00. Following the completion of the acquisition, the president owned 319,490 shares of the company’s stock, valued at $4,578,291.70. This trade represents a 26.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 55.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler set a $15.00 price target on NexPoint Real Estate Finance and gave the stock a “neutral” rating in a research report on Monday, August 4th. Wall Street Zen raised shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NexPoint Real Estate Finance has a consensus rating of “Reduce” and an average price target of $14.75.

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.