Raymond James & Associates Decreases Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Raymond James & Associates decreased its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREFGet Rating) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,801 shares of the company’s stock after selling 18,123 shares during the quarter. Raymond James & Associates’ holdings in NexPoint Real Estate Finance were worth $3,293,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new stake in NexPoint Real Estate Finance in the second quarter valued at approximately $26,000. Dorsey Wright & Associates purchased a new stake in NexPoint Real Estate Finance in the second quarter valued at approximately $35,000. Strs Ohio purchased a new stake in NexPoint Real Estate Finance in the second quarter valued at approximately $36,000. Cambridge Investment Research Advisors Inc. lifted its stake in NexPoint Real Estate Finance by 7.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 41,248 shares of the company’s stock valued at $618,000 after buying an additional 2,748 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in NexPoint Real Estate Finance by 28.8% in the first quarter. Penserra Capital Management LLC now owns 13,670 shares of the company’s stock valued at $308,000 after buying an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 65.41% of the company’s stock.

Insider Transactions at NexPoint Real Estate Finance

In other NexPoint Real Estate Finance news, insider Matt Mcgraner acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were purchased at an average price of $16.81 per share, with a total value of $84,050.00. Following the completion of the acquisition, the insider now directly owns 99,763 shares of the company’s stock, valued at approximately $1,677,016.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 5,605 shares of company stock worth $95,893 over the last 90 days. 48.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James reduced their price objective on NexPoint Real Estate Finance from $24.00 to $21.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 18th. Piper Sandler started coverage on NexPoint Real Estate Finance in a research note on Monday, October 24th. They issued a “neutral” rating for the company. Finally, JMP Securities started coverage on NexPoint Real Estate Finance in a research note on Thursday, September 29th. They set a “market perform” rating for the company.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $18.01 on Friday. NexPoint Real Estate Finance, Inc. has a 12 month low of $14.16 and a 12 month high of $25.98. The company has a debt-to-equity ratio of 2.61, a current ratio of 560.02 and a quick ratio of 560.02. The business has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $18.72. The stock has a market capitalization of $269.79 million, a PE ratio of 11.77 and a beta of 1.63.

NexPoint Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.10%. The ex-dividend date was Wednesday, December 14th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 130.72%.

NexPoint Real Estate Finance Profile

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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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Institutional Ownership by Quarter for NexPoint Real Estate Finance (NYSE:NREF)

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