Keefe, Bruyette & Woods Issues Pessimistic Forecast for NexPoint Real Estate Finance (NYSE:NREF) Stock Price

NexPoint Real Estate Finance (NYSE:NREF) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $15.00 to $14.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s target price would suggest a potential upside of 3.67% from the stock’s previous close.

A number of other brokerages have also recently commented on NREF. Zacks Research raised shares of NexPoint Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NexPoint Real Estate Finance in a report on Monday, September 28th. Wall Street Zen lowered NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Piper Sandler decreased their price target on shares of NexPoint Real Estate Finance from $17.50 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, NexPoint Real Estate Finance has an average rating of “Hold” and a consensus target price of $14.50.

NexPoint Real Estate Finance Trading Up 0.8%

Shares of NREF stock opened at $13.51 on Tuesday. NexPoint Real Estate Finance has a fifty-two week low of $12.60 and a fifty-two week high of $18.43. The stock has a market cap of $254.57 million, a P/E ratio of 23.28 and a beta of 1.11. The business has a fifty day simple moving average of $15.81 and a 200-day simple moving average of $15.39. The company has a quick ratio of 163.94, a current ratio of 163.94 and a debt-to-equity ratio of 1.79.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of NexPoint Real Estate Finance during the second quarter worth about $9,676,000. Independent Financial Group LLC acquired a new position in NexPoint Real Estate Finance during the 1st quarter valued at about $3,229,000. Russell Investments Group Ltd. lifted its stake in shares of NexPoint Real Estate Finance by 92.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 61,830 shares of the company’s stock worth $960,000 after acquiring an additional 29,755 shares during the period. Concorde Asset Management LLC acquired a new stake in shares of NexPoint Real Estate Finance in the 2nd quarter worth approximately $402,000. Finally, Bank of America Corp DE bought a new position in shares of NexPoint Real Estate Finance in the second quarter valued at approximately $363,000. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

About NexPoint Real Estate Finance

NexPoint Real Estate Finance, Inc (NYSE:NREF) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on generating income through investments in commercial real estate debt and related credit instruments rather than directly operating properties.

Its investment activities have included transitional mortgage loans, senior and subordinate loans, mezzanine loans, preferred equity investments, and commercial mortgage-backed securities. NexPoint Real Estate Finance has emphasized lending and investment opportunities tied primarily to multifamily and other commercial real estate assets in the United States.

The company was formed in 2015 and became a publicly traded company in 2020.