NexPoint Real Estate Finance (NYSE:NREF) Price Target Cut to $13.50

NexPoint Real Estate Finance (NYSE:NREF) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $14.00 to $13.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 1.60% from the company’s current price.

Separately, Piper Sandler cut their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday.

NexPoint Real Estate Finance Stock Performance

Shares of NYSE NREF opened at $13.72 on Tuesday. The stock has a market cap of $241.33 million, a PE ratio of -24.95 and a beta of 1.61. NexPoint Real Estate Finance has a 1 year low of $12.63 and a 1 year high of $17.84. The firm has a fifty day moving average price of $13.57 and a 200-day moving average price of $14.69. The company has a debt-to-equity ratio of 2.78, a current ratio of 460.31 and a quick ratio of 460.31.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in NexPoint Real Estate Finance by 38.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock worth $102,000 after purchasing an additional 1,750 shares in the last quarter. Barclays PLC lifted its position in shares of NexPoint Real Estate Finance by 90.3% in the third quarter. Barclays PLC now owns 9,083 shares of the company’s stock worth $149,000 after buying an additional 4,309 shares in the last quarter. Hsbc Holdings PLC bought a new position in NexPoint Real Estate Finance during the third quarter valued at approximately $182,000. Atria Wealth Solutions Inc. grew its holdings in NexPoint Real Estate Finance by 33.3% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock valued at $362,000 after buying an additional 5,532 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in NexPoint Real Estate Finance by 39.1% in the 3rd quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after acquiring an additional 31,400 shares during the last quarter. Institutional investors own 67.79% of the company’s stock.

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.