Morey & Quinn Wealth Partners LLC Takes Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Morey & Quinn Wealth Partners LLC acquired a new stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,639 shares of the company's stock, valued at approximately $622,000. Morey & Quinn Wealth Partners LLC owned approximately 0.23% of NexPoint Real Estate Finance at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NREF. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 2,854 shares in the last quarter. Copley Financial Group Inc. purchased a new stake in NexPoint Real Estate Finance during the 3rd quarter worth about $104,000. Navis Wealth Advisors LLC boosted its position in shares of NexPoint Real Estate Finance by 61.0% during the 4th 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. Barclays PLC increased 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 valued at $340,000 after acquiring an additional 8,002 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Real Estate Finance by 8.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company's stock worth $413,000 after acquiring an additional 1,986 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have commented on NREF shares. JMP Securities reiterated a "market perform" rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th. Keefe, Bruyette & Woods increased their target price on shares of NexPoint Real Estate Finance from $15.50 to $16.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd.

NexPoint Real Estate Finance Stock Performance

NYSE:NREF traded down $0.29 during mid-day trading on Friday, reaching $15.17. 131,824 shares of the stock were exchanged, compared to its average volume of 41,031. The stock has a market capitalization of $264.94 million, a P/E ratio of 14.45 and a beta of 1.63. NexPoint Real Estate Finance, Inc. has a 1 year low of $12.63 and a 1 year high of $18.09. The company has a 50 day simple moving average of $15.70 and a 200-day simple moving average of $15.84. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.18%. The ex-dividend date of this dividend is Friday, March 14th. NexPoint Real Estate Finance's dividend payout ratio is presently 270.27%.

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.