NexPoint Real Estate Finance (NYSE:NREF) PT Lowered to $14.00 at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its target price decreased by Keefe, Bruyette & Woods from $15.00 to $14.00 in a research note published on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

NexPoint Real Estate Finance Stock Performance

Shares of NREF opened at $13.07 on Wednesday. The business’s fifty day moving average price is $13.91 and its 200 day moving average price is $14.97. NexPoint Real Estate Finance has a 12-month low of $12.53 and a 12-month high of $17.84. The stock has a market capitalization of $229.90 million, a PE ratio of 20.11 and a beta of 1.60. The company has a debt-to-equity ratio of 2.78, a current ratio of 460.31 and a quick ratio of 460.31.

NexPoint Real Estate Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 15.30%. The ex-dividend date was Thursday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is presently 307.69%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several large investors have recently added to or reduced their stakes in NREF. Tower Research Capital LLC TRC increased its holdings in shares of NexPoint Real Estate Finance by 110.1% during the third 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. Citigroup Inc. increased its holdings in shares of NexPoint Real Estate Finance by 15,200.0% during the second quarter. Citigroup Inc. now owns 2,448 shares of the company’s stock valued at $38,000 after purchasing an additional 2,432 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of NexPoint Real Estate Finance during the third quarter valued at $48,000. Wells Fargo & Company MN increased its holdings in shares of NexPoint Real Estate Finance by 94.3% during the second quarter. Wells Fargo & Company MN now owns 3,422 shares of the company’s stock valued at $53,000 after purchasing an additional 1,661 shares during the period. Finally, American International Group Inc. acquired a new position in shares of NexPoint Real Estate Finance during the second quarter valued at $74,000. 67.79% of the stock is owned by institutional investors and hedge funds.

About NexPoint Real Estate Finance

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.