NexPoint Real Estate Finance’s (NREF) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of NexPoint Real Estate Finance (NYSE:NREF) in a research note released on Friday,Benzinga reports.

Separately, Raymond James cut shares of 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 Trading Down 3.2 %

NYSE NREF opened at $14.89 on Friday. The stock has a market capitalization of $259.99 million, a P/E ratio of 14.18 and a beta of 1.65. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $18.09. The firm has a 50-day moving average price of $16.42 and a 200 day moving average price of $15.50. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 13.43%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 190.48%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of NexPoint Real Estate Finance by 77.2% in the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock valued at $102,000 after purchasing an additional 2,854 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance in the third quarter valued at approximately $104,000. Barclays PLC grew its position in shares of NexPoint Real Estate Finance by 58.3% in the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after purchasing an additional 8,002 shares during the last quarter. State Street Corp grew its position in shares of NexPoint Real Estate Finance by 4.0% in the third quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after purchasing an additional 5,875 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in shares of NexPoint Real Estate Finance by 22.9% in the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after purchasing an additional 13,020 shares during the last quarter. 67.79% of the stock is owned by hedge funds and other institutional investors.

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.