NexPoint Real Estate Finance, Inc. (NYSE:NREF) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,454 shares of the company’s stock after acquiring an additional 2,445 shares during the quarter. Bank of America Corp DE’s holdings in NexPoint Real Estate Finance were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in NexPoint Real Estate Finance by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock worth $75,000 after purchasing an additional 1,045 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NexPoint Real Estate Finance by 47.3% during the fourth quarter. JPMorgan Chase & Co. now owns 9,649 shares of the company’s stock valued at $151,000 after acquiring an additional 3,099 shares during the period. Concorde Asset Management LLC acquired a new position in shares of NexPoint Real Estate Finance during the fourth quarter valued at approximately $249,000. Barclays PLC increased its stake in shares of NexPoint Real Estate Finance by 7.4% during the fourth quarter. Barclays PLC now owns 23,345 shares of the company’s stock valued at $366,000 after acquiring an additional 1,615 shares during the period. Finally, Jane Street Group LLC boosted its holdings in NexPoint Real Estate Finance by 101.9% during the fourth quarter. Jane Street Group LLC now owns 24,274 shares of the company’s stock worth $381,000 after buying an additional 12,251 shares in the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

NexPoint Real Estate Finance Stock Up 0.3%

NexPoint Real Estate Finance stock opened at $15.81 on Friday. The company has a market capitalization of $280.06 million, a P/E ratio of 15.06 and a beta of 1.21. The firm’s fifty day simple moving average is $14.40 and its 200-day simple moving average is $15.36. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a 1-year low of $12.14 and a 1-year high of $18.09.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 12.65%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 88.11%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of NexPoint Real Estate Finance from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Friday, May 2nd.

NexPoint Real Estate Finance Profile

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.