Kennedy Capital Management LLC Sells 77,321 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Kennedy Capital Management LLC reduced its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,913 shares of the company's stock after selling 77,321 shares during the period. Kennedy Capital Management LLC owned approximately 0.46% of NexPoint Real Estate Finance worth $1,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in shares of 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 valued at $75,000 after acquiring an additional 1,045 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock valued at $102,000 after acquiring an additional 2,854 shares in the last quarter. Copley Financial Group Inc. acquired a new position in shares of NexPoint Real Estate Finance during the third quarter valued at about $104,000. Navis Wealth Advisors LLC boosted its holdings in NexPoint Real Estate Finance by 61.0% in the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company's stock worth $269,000 after acquiring an additional 6,502 shares in the last quarter. Finally, Barclays PLC lifted its holdings 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 worth $340,000 after purchasing an additional 8,002 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. JMP Securities reiterated a "market perform" rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

NexPoint Real Estate Finance Stock Up 2.7 %

NexPoint Real Estate Finance stock traded up $0.37 during midday trading on Friday, hitting $13.92. 19,767 shares of the stock were exchanged, compared to its average volume of 41,561. NexPoint Real Estate Finance, Inc. has a 52-week low of $12.14 and a 52-week high of $18.09. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The business's 50-day moving average price is $15.17 and its 200-day moving average price is $15.61. The stock has a market capitalization of $245.52 million, a price-to-earnings ratio of 13.25 and a beta of 1.34.

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

NexPoint Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 14.37%. NexPoint Real Estate Finance's dividend payout ratio (DPR) is presently 270.27%.

NexPoint Real Estate Finance Company 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.