NexPoint Real Estate Finance (NYSE:NREF) Given New $14.00 Price Target at Piper Sandler

NexPoint Real Estate Finance (NYSE:NREF) had its price target lowered by Piper Sandler from $16.00 to $14.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a market perform rating for the company in a research report on Wednesday, April 10th.

NexPoint Real Estate Finance Trading Up 2.6 %

Shares of NREF stock opened at $13.72 on Monday. The stock has a 50 day simple moving average of $13.57 and a 200 day simple moving average of $14.69. The stock has a market cap of $241.33 million, a P/E ratio of -24.67 and a beta of 1.61. The company has a current ratio of 460.31, a quick ratio of 460.31 and a debt-to-equity ratio of 2.78. NexPoint Real Estate Finance has a 1 year low of $12.63 and a 1 year high of $17.84.

NexPoint Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 14.58%. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Real Estate Finance’s payout ratio is presently -363.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of NexPoint Real Estate Finance by 38.9% during the third quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock valued at $102,000 after buying an additional 1,750 shares during the last quarter. Barclays PLC raised its holdings in NexPoint Real Estate Finance by 90.3% during the 3rd quarter. Barclays PLC now owns 9,083 shares of the company’s stock valued at $149,000 after acquiring an additional 4,309 shares during the period. Hsbc Holdings PLC purchased a new position in NexPoint Real Estate Finance during the 3rd quarter valued at about $182,000. Atria Wealth Solutions Inc. increased its holdings in NexPoint Real Estate Finance by 33.3% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock worth $362,000 after acquiring an additional 5,532 shares during the period. Finally, Acadian Asset Management LLC grew its position in NexPoint Real Estate Finance by 39.1% during the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after buying an additional 31,400 shares in the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

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.