Piper Sandler Trims NexPoint Real Estate Finance (NYSE:NREF) Target Price to $14.00

NexPoint Real Estate Finance (NYSE:NREF) had its target price reduced by Piper Sandler from $16.00 to $14.00 in a report published on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods reduced their target price on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a market perform rating on the stock in a report on Wednesday, April 10th.

NexPoint Real Estate Finance Price Performance

NREF stock opened at $13.72 on Monday. The firm has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $14.69. The stock has a market cap of $241.33 million, a PE ratio of -24.67 and a beta of 1.61. NexPoint Real Estate Finance has a one year low of $12.63 and a one year high of $17.84. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 14.58%. NexPoint Real Estate Finance’s payout ratio is -363.64%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several hedge funds have recently bought and sold shares of NREF. Raymond James & Associates grew its stake in shares of NexPoint Real Estate Finance by 9.8% in the fourth quarter. Raymond James & Associates now owns 236,087 shares of the company’s stock worth $3,718,000 after acquiring an additional 21,025 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in NexPoint Real Estate Finance by 11.1% in the third quarter. Kennedy Capital Management LLC now owns 250,624 shares of the company’s stock worth $4,100,000 after buying an additional 25,058 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of NexPoint Real Estate Finance by 39.1% in the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after buying an additional 31,400 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $182,000. Finally, Atria Wealth Solutions Inc. increased its position in shares of NexPoint Real Estate Finance by 33.3% during the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock valued at $362,000 after acquiring an additional 5,532 shares in 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.