Renaissance Technologies LLC Sells 6,200 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Renaissance Technologies LLC lowered its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 25.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,500 shares of the company’s stock after selling 6,200 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of NexPoint Real Estate Finance worth $254,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NREF. First Foundation Advisors increased its holdings 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 valued at $206,000 after buying an additional 4,274 shares during the period. Bank of New York Mellon Corp increased its stake in NexPoint Real Estate Finance by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after acquiring an additional 814 shares during the period. Wedbush Securities Inc. raised its position in NexPoint Real Estate Finance by 59.6% in the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after purchasing an additional 23,249 shares in the last quarter. BOKF NA lifted its stake in NexPoint Real Estate Finance by 3.7% during the first quarter. BOKF NA now owns 62,876 shares of the company’s stock worth $846,000 after purchasing an additional 2,253 shares during the period. Finally, Raymond James & Associates boosted its holdings in NexPoint Real Estate Finance by 6.3% during the second quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after purchasing an additional 18,334 shares in the last quarter. Institutional investors own 67.79% of the company’s stock.

Analyst Ratings Changes

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

NexPoint Real Estate Finance Price Performance

Shares of NREF stock opened at $15.18 on Friday. The stock’s fifty day moving average is $15.49 and its 200-day moving average is $14.35. 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, Inc. has a 52 week low of $12.63 and a 52 week high of $17.25. The stock has a market capitalization of $265.04 million, a PE ratio of -29.76 and a beta of 1.61.

NexPoint Real Estate Finance (NYSE:NREF) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.25. The company had revenue of $18.23 million during the quarter, compared to analyst estimates of $3.39 million. During the same quarter in the previous year, the business posted $0.41 EPS. Equities research analysts expect that NexPoint Real Estate Finance, Inc. will post 0.97 EPS for the current fiscal year.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 13.18%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is currently -392.16%.

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.