Keefe, Bruyette & Woods Has Lowered Expectations for NexPoint Real Estate Finance (NYSE:NREF) Stock Price

NexPoint Real Estate Finance (NYSE:NREF) had its target price cut by analysts at Keefe, Bruyette & Woods from $16.00 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 17.65% from the stock’s current price.

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

NexPoint Real Estate Finance Stock Down 3.9 %

NexPoint Real Estate Finance stock opened at $12.75 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The stock has a market capitalization of $224.96 million, a PE ratio of 12.14 and a beta of 1.34. The business has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $15.72. NexPoint Real Estate Finance has a 12 month low of $12.63 and a 12 month high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF) 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, analysts anticipate that NexPoint Real Estate Finance will post 1.48 EPS for the current fiscal year.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its stake in NexPoint Real Estate Finance by 58.3% during the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after acquiring an additional 8,002 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $5,208,000. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $622,000. JPMorgan Chase & Co. lifted its position in NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after buying an additional 2,854 shares in the last quarter. Finally, State Street Corp boosted its stake in NexPoint Real Estate Finance by 4.0% during the third 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 during the last quarter. 67.79% of the stock is owned by hedge funds and other 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.