Keefe, Bruyette & Woods Cuts NexPoint Real Estate Finance (NYSE:NREF) Price Target to $15.00

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) had its price objective dropped by equities researchers at Keefe, Bruyette & Woods from $16.00 to $15.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 16.82% from the stock's current price.

Separately, JMP Securities reissued a "market perform" rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th.

NexPoint Real Estate Finance Stock Up 0.7 %

Shares of NREF traded up $0.09 during midday trading on Monday, reaching $12.84. 48,121 shares of the stock were exchanged, compared to its average volume of 41,533. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $18.09. The company's 50 day moving average is $15.33 and its two-hundred day moving average is $15.66. The company has a market capitalization of $226.55 million, a P/E ratio of 12.23 and a beta of 1.34. 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 (NYSE:NREF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analysts' expectations of $11.38 million. On average, sell-side analysts anticipate that NexPoint Real Estate Finance will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds have recently made changes to their positions in NREF. Wells Fargo & Company MN raised its holdings in NexPoint Real Estate Finance by 27.8% during the fourth 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 in the last quarter. Copley Financial Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance during the 3rd quarter valued at approximately $104,000. Cubist Systematic Strategies LLC acquired a new stake in shares of NexPoint Real Estate Finance in the 4th quarter worth approximately $186,000. Finally, Concorde Asset Management LLC purchased a new position in NexPoint Real Estate Finance in the 4th quarter valued at approximately $249,000. Hedge funds and other institutional investors own 67.79% of the company's stock.

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.