1776 Wealth LLC Decreases Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

1776 Wealth LLC lowered its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 48.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,939 shares of the company's stock after selling 57,922 shares during the quarter. 1776 Wealth LLC owned about 0.35% of NexPoint Real Estate Finance worth $956,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NREF. Barclays PLC raised its position in shares of NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company's stock valued at $340,000 after purchasing an additional 8,002 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NexPoint Real Estate Finance by 77.2% in the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock valued at $102,000 after buying an additional 2,854 shares during the period. State Street Corp lifted its holdings in shares of NexPoint Real Estate Finance by 4.0% in the third quarter. State Street Corp now owns 151,696 shares of the company's stock valued at $2,371,000 after buying an additional 5,875 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of NexPoint Real Estate Finance by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company's stock valued at $1,092,000 after purchasing an additional 13,020 shares during the last quarter. Finally, Navis Wealth Advisors LLC lifted its holdings in shares of NexPoint Real Estate Finance by 61.0% during the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company's stock valued at $269,000 after purchasing an additional 6,502 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Price Performance

Shares of NREF stock opened at $16.14 on Thursday. The stock's fifty day simple moving average is $15.63 and its 200 day simple moving average is $15.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The firm has a market cap of $281.82 million, a price-to-earnings ratio of 15.37 and a beta of 1.63. NexPoint Real Estate Finance, Inc. has a one year low of $12.63 and a one year high of $18.09.

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NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. On average, analysts expect that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 12.39%. The ex-dividend date is Friday, March 14th. NexPoint Real Estate Finance's dividend payout ratio is 270.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NREF shares. Keefe, Bruyette & Woods increased their price objective on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. JMP Securities reissued a "market perform" rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

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.

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