Raymond James & Associates Has $3.93 Million Holdings in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Raymond James & Associates raised its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) by 12.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 247,000 shares of the company’s stock after purchasing an additional 27,199 shares during the quarter. Raymond James & Associates’ holdings in NexPoint Real Estate Finance were worth $3,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in NexPoint Real Estate Finance by 110.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,120 shares of the company’s stock valued at $31,000 after purchasing an additional 1,111 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in NexPoint Real Estate Finance during the 3rd quarter valued at approximately $48,000. American International Group Inc. acquired a new stake in NexPoint Real Estate Finance during the 2nd quarter valued at approximately $74,000. UBS Group AG acquired a new stake in NexPoint Real Estate Finance during the 2nd quarter valued at approximately $82,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of NexPoint Real Estate Finance by 81.6% during 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 in the last quarter. Institutional investors and hedge funds own 65.41% of the company’s stock.

Insider Buying and Selling

In other news, insider Matt Mcgraner bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average cost of $13.05 per share, for a total transaction of $26,100.00. Following the acquisition, the insider now directly owns 138,895 shares in the company, valued at $1,812,579.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 53.60% of the stock is owned by company insiders.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $13.66 on Thursday. NexPoint Real Estate Finance, Inc. has a 52-week low of $12.53 and a 52-week high of $24.82. The stock’s 50 day moving average price is $14.25 and its two-hundred day moving average price is $16.70. The company has a debt-to-equity ratio of 2.45, a quick ratio of 503.19 and a current ratio of 503.19. The stock has a market capitalization of $234.68 million, a price-to-earnings ratio of 1,367.37 and a beta of 1.64.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a None dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.685 dividend. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Wednesday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is currently 20,020.02%.

Wall Street Analyst Weigh In

NREF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut 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. Raymond James cut their price target on NexPoint Real Estate Finance from $20.00 to $17.50 in a report on Tuesday, May 2nd.

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.