Raymond James Financial Inc. purchased a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 331,922 shares of the company's stock, valued at approximately $5,208,000. Raymond James Financial Inc. owned approximately 1.90% of NexPoint Real Estate Finance as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in NexPoint Real Estate Finance by 77.2% during 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. bought a new stake in shares of NexPoint Real Estate Finance in the third quarter valued at about $104,000. Navis Wealth Advisors LLC grew its holdings in 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 grew its holdings in 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 acquiring an additional 8,002 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in 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 valued at $413,000 after purchasing an additional 1,986 shares during the period. Hedge funds and other institutional investors own 67.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on NREF shares. Keefe, Bruyette & Woods upped their price target on shares of NexPoint Real Estate Finance from $15.50 to $16.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. JMP Securities restated a "market perform" rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.
Check Out Our Latest Report on NexPoint Real Estate Finance
NexPoint Real Estate Finance Stock Down 1.9 %
NREF traded down $0.29 on Friday, hitting $15.17. The company had a trading volume of 131,824 shares, compared to its average volume of 41,031. The stock has a market capitalization of $264.94 million, a price-to-earnings ratio of 14.45 and a beta of 1.63. The stock has a fifty day moving average price of $15.70 and a 200-day moving average price of $15.84. NexPoint Real Estate Finance, Inc. has a 12-month low of $12.63 and a 12-month high of $18.09. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $21.69 million during the quarter, compared to analysts' expectations of $11.38 million. Analysts predict that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current fiscal year.
NexPoint Real Estate Finance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.18%. NexPoint Real Estate Finance's payout ratio is 270.27%.
NexPoint Real Estate Finance Company Profile
(
Free Report)
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.
Further Reading
Before you consider NexPoint Real Estate Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexPoint Real Estate Finance wasn't on the list.
While NexPoint Real Estate Finance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
