JMP Securities Reaffirms "Market Perform" Rating for NexPoint Real Estate Finance (NYSE:NREF)

JMP Securities reiterated their market perform rating on shares of NexPoint Real Estate Finance (NYSE:NREF - Free Report) in a research note issued to investors on Friday morning,Benzinga reports.

Separately, Raymond James lowered shares of NexPoint Real Estate Finance from a "strong-buy" rating to a "market perform" rating in a research note on Thursday, September 19th.

NexPoint Real Estate Finance Price Performance

NREF stock traded down $0.49 on Friday, hitting $14.89. 46,700 shares of the company's stock traded hands, compared to its average volume of 37,283. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $18.09. The stock has a market cap of $259.99 million, a price-to-earnings ratio of 14.18 and a beta of 1.65. The stock has a fifty day moving average of $16.42 and a 200-day moving average of $15.47. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 13.43%. NexPoint Real Estate Finance's dividend payout ratio (DPR) is presently 190.48%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in NexPoint Real Estate Finance by 4.0% in the 3rd quarter. State Street Corp now owns 151,696 shares of the company's stock worth $2,371,000 after buying an additional 5,875 shares in the last quarter. Penserra Capital Management LLC lifted its position in NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company's stock worth $1,092,000 after buying an additional 13,020 shares in the last quarter. BOKF NA increased its stake in shares of NexPoint Real Estate Finance by 7.4% during the 2nd quarter. BOKF NA now owns 67,525 shares of the company's stock worth $926,000 after purchasing an additional 4,649 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NexPoint Real Estate Finance by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company's stock worth $331,000 after purchasing an additional 814 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of NexPoint Real Estate Finance by 58.3% during 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 during the last quarter. 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.