Matt Mcgraner Buys 5,000 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) Stock

NexPoint Real Estate Finance, Inc. (NYSE:NREFGet Rating) insider Matt Mcgraner acquired 5,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were acquired at an average cost of $16.81 per share, for a total transaction of $84,050.00. Following the completion of the acquisition, the insider now owns 99,763 shares of the company’s stock, valued at $1,677,016.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NexPoint Real Estate Finance Stock Performance

NexPoint Real Estate Finance stock opened at $16.99 on Thursday. NexPoint Real Estate Finance, Inc. has a 1-year low of $14.16 and a 1-year high of $25.98. The company has a current ratio of 560.02, a quick ratio of 560.02 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $254.51 million, a PE ratio of 11.10 and a beta of 1.63. The firm’s 50 day simple moving average is $17.68 and its 200 day simple moving average is $18.82.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 11.77%. NexPoint Real Estate Finance’s payout ratio is currently 130.72%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NREF. Raymond James lowered their price target on shares of NexPoint Real Estate Finance from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 18th. JMP Securities started coverage on NexPoint Real Estate Finance in a report on Thursday, September 29th. They issued a “market perform” rating for the company. Finally, Piper Sandler began coverage on NexPoint Real Estate Finance in a research note on Monday, October 24th. They set a “neutral” rating on the stock.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new stake in shares of NexPoint Real Estate Finance in the 2nd quarter valued at about $26,000. Dorsey Wright & Associates bought a new stake in NexPoint Real Estate Finance during the second quarter valued at approximately $35,000. Strs Ohio purchased a new position in NexPoint Real Estate Finance in the 2nd quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its holdings in shares of NexPoint Real Estate Finance by 110.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,120 shares of the company’s stock worth $31,000 after buying an additional 1,111 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in NexPoint Real Estate Finance in the third quarter worth $48,000. Institutional investors own 65.41% of the company’s stock.

NexPoint Real Estate Finance Company Profile

(Get Rating)

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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Insider Buying and Selling by Quarter for NexPoint Real Estate Finance (NYSE:NREF)

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