NexPoint Real Estate Finance, Inc. (NYSE:NREF) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,986 shares of the company’s stock after selling 11,597 shares during the quarter. Raymond James & Associates’ holdings in NexPoint Real Estate Finance were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NREF. Wedbush Securities Inc. lifted its holdings in NexPoint Real Estate Finance by 59.6% in the 2nd quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after buying an additional 23,249 shares in the last quarter. BOKF NA lifted its holdings in NexPoint Real Estate Finance by 7.4% in the 2nd quarter. BOKF NA now owns 67,525 shares of the company’s stock worth $926,000 after buying an additional 4,649 shares in the last quarter. First Foundation Advisors lifted 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 worth $206,000 after buying an additional 4,274 shares in the last quarter. Vanguard Group Inc. lifted its holdings in NexPoint Real Estate Finance by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock worth $6,122,000 after buying an additional 3,419 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in NexPoint Real Estate Finance by 20.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after buying an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

NexPoint Real Estate Finance Price Performance

NREF opened at $14.93 on Friday. The company has a 50-day moving average of $15.55 and a 200-day moving average of $14.51. The company has a market capitalization of $260.68 million, a P/E ratio of 14.22 and a beta of 1.61. NexPoint Real Estate Finance, Inc. has a 1-year low of $12.63 and a 1-year 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 released its earnings results on Monday, August 5th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.25. The company had revenue of $18.23 million during the quarter, compared to the consensus estimate of $3.39 million. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts expect that NexPoint Real Estate Finance, Inc. will post 0.97 EPS for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 13.40%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Real Estate Finance’s payout ratio is currently 190.48%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered 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 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.