NexPoint Real Estate Finance (NYSE:NREF) Price Target Raised to $16.00 at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) had its price objective upped by equities research analysts at Keefe, Bruyette & Woods from $15.50 to $16.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 0.76% from the stock's previous close.

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

NexPoint Real Estate Finance Trading Down 1.2 %

NYSE NREF traded down $0.19 on Monday, hitting $15.88. The company's stock had a trading volume of 22,461 shares, compared to its average volume of 40,510. The company's 50-day moving average is $15.57 and its 200 day moving average is $15.86. The firm has a market cap of $277.28 million, a PE ratio of 15.12 and a beta of 1.63. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year 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.

NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, analysts predict that NexPoint Real Estate Finance will post 1.48 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in 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 buying an additional 1,045 shares in the last quarter. JPMorgan Chase & Co. grew its position in NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock worth $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 in the 3rd quarter valued at about $104,000. Cubist Systematic Strategies LLC bought a new position in shares of NexPoint Real Estate Finance during the 4th quarter worth approximately $186,000. Finally, Concorde Asset Management LLC purchased a new position in shares of NexPoint Real Estate Finance in the 4th quarter worth approximately $249,000. 67.79% of the stock is owned by institutional investors.

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.