Short Interest in NexPoint Real Estate Finance, Inc. (NYSE:NREF) Grows By 24.1%

NexPoint Real Estate Finance, Inc. (NYSE:NREF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 165,700 shares, a growth of 24.1% from the August 31st total of 133,500 shares. Based on an average daily volume of 43,800 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered 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

NYSE:NREF traded up $0.15 on Friday, reaching $15.30. The stock had a trading volume of 69,458 shares, compared to its average volume of 40,187. The company has a quick ratio of 374.23, a current ratio of 374.23 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $271.10 million, a P/E ratio of -27.82 and a beta of 1.61. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $17.25. The stock has a fifty day moving average price of $15.27 and a 200-day moving average price of $14.23.

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

NexPoint Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date is Friday, September 13th. NexPoint Real Estate Finance’s dividend payout ratio is currently -363.64%.

Institutional Trading of NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after acquiring an additional 2,740 shares during the last quarter. BOKF NA grew its stake in shares of NexPoint Real Estate Finance by 7.4% during the second quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after purchasing an additional 4,649 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of NexPoint Real Estate Finance by 59.6% in the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock valued at $854,000 after purchasing an additional 23,249 shares in the last quarter. First Foundation Advisors raised its position in NexPoint Real Estate Finance by 39.8% in the 2nd quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock worth $206,000 after purchasing an additional 4,274 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in NexPoint Real Estate Finance by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after buying an additional 814 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

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.