Keefe, Bruyette & Woods Lowers NexPoint Real Estate Finance (NYSE:NREF) Price Target to $15.50

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 2.38% from the company's current price.

Other equities analysts also recently issued reports about the stock. Raymond James downgraded shares of NexPoint Real Estate Finance from a "strong-buy" rating to a "market perform" rating in a report on Thursday, September 19th. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Real Estate Finance in a research report on Friday.

NexPoint Real Estate Finance Stock Up 0.9 %

Shares of NYSE:NREF traded up $0.13 during mid-day trading on Tuesday, hitting $15.14. 25,534 shares of the company traded hands, compared to its average volume of 37,029. The stock has a 50-day moving average price of $16.41 and a two-hundred day moving average price of $15.51. NexPoint Real Estate Finance has a 12-month low of $12.63 and a 12-month high of $18.09. The stock has a market cap of $264.36 million, a P/E ratio of 14.42 and a beta of 1.65. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71.

Institutional Trading of NexPoint Real Estate Finance

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake 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. Copley Financial Group Inc. purchased a new stake in NexPoint Real Estate Finance in the 3rd quarter worth about $104,000. Hsbc Holdings PLC raised its stake in NexPoint Real Estate Finance by 20.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company's stock valued at $223,000 after acquiring an additional 2,740 shares during the period. Bank of New York Mellon Corp lifted its holdings in NexPoint Real Estate Finance by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company's stock valued at $331,000 after purchasing an additional 814 shares during the last quarter. Finally, Barclays PLC boosted its position in NexPoint Real Estate Finance by 58.3% during the third quarter. Barclays PLC now owns 21,730 shares of the company's stock worth $340,000 after purchasing an additional 8,002 shares during the period. Hedge funds and other 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.