NexPoint Real Estate Finance, Inc. (NYSE:NREF) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,113 shares of the company’s stock after acquiring an additional 814 shares during the period. Bank of New York Mellon Corp’s holdings in NexPoint Real Estate Finance were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NREF. Vanguard Group Inc. increased its holdings in shares of NexPoint Real Estate Finance by 0.8% in the first quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock valued at $6,122,000 after purchasing an additional 3,419 shares during the period. Raymond James & Associates boosted its position in NexPoint Real Estate Finance by 6.3% in the second quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after buying an additional 18,334 shares during the last quarter. Finally, BOKF NA increased its holdings in NexPoint Real Estate Finance by 3.7% in the 1st quarter. BOKF NA now owns 62,876 shares of the company’s stock worth $846,000 after buying an additional 2,253 shares during the period. Institutional investors and hedge funds own 67.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

NexPoint Real Estate Finance Price Performance

Shares of NREF opened at $15.05 on Thursday. The business’s 50-day moving average is $15.26 and its two-hundred day moving average is $14.21. The company has a market capitalization of $262.77 million, a P/E ratio of -27.36 and a beta of 1.61. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $17.25. The company has a debt-to-equity ratio of 1.76, a quick ratio of 374.23 and a current ratio of 374.23.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.38 by $0.25. The firm had revenue of $18.23 million for the quarter, compared to analyst estimates of $3.39 million. NexPoint Real Estate Finance had a return on equity of 7.15% and a net margin of 23.44%. During the same period last year, the company earned $0.41 earnings per share. Research analysts predict that NexPoint Real Estate Finance, Inc. will post 0.97 earnings per share for the current year.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.29%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is -363.64%.

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.