Cambridge Investment Research Advisors Inc. Acquires 6,060 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,308 shares of the company’s stock after acquiring an additional 6,060 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.32% of NexPoint Real Estate Finance worth $752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NREF. LVZ Inc. bought a new position in shares of NexPoint Real Estate Finance in the fourth quarter worth approximately $504,000. Barclays PLC raised its position in NexPoint Real Estate Finance by 15.8% in the 3rd quarter. Barclays PLC now owns 4,741 shares of the company’s stock worth $71,000 after buying an additional 648 shares during the last quarter. Nisa Investment Advisors LLC raised its position in NexPoint Real Estate Finance by 81.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,497 shares of the company’s stock worth $67,000 after buying an additional 2,020 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in NexPoint Real Estate Finance in the 3rd quarter worth about $48,000. Finally, Penserra Capital Management LLC grew its stake in shares of NexPoint Real Estate Finance by 28.8% during the 1st quarter. Penserra Capital Management LLC now owns 13,670 shares of the company’s stock valued at $308,000 after purchasing an additional 3,060 shares during the period. 65.41% of the stock is currently owned by institutional investors.

NexPoint Real Estate Finance Stock Performance

NYSE:NREF opened at $13.92 on Tuesday. The stock’s fifty day moving average is $14.33 and its 200 day moving average is $16.75. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $24.84. The firm has a market capitalization of $239.15 million, a PE ratio of 1,393.39 and a beta of 1.64. The company has a debt-to-equity ratio of 2.45, a quick ratio of 503.19 and a current ratio of 503.19.

NexPoint Real Estate Finance Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.685 dividend. This represents a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 20,020.02%.

Insider Transactions at NexPoint Real Estate Finance

In related news, insider Matt Mcgraner acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $13.78 per share, with a total value of $27,560.00. Following the completion of the transaction, the insider now directly owns 140,895 shares in the company, valued at $1,941,533.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 53.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NREF shares. Raymond James cut their price target on NexPoint Real Estate Finance from $20.00 to $17.50 in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods lowered their price target on NexPoint Real Estate Finance from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, April 13th.

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.