NexPoint Real Estate Finance (NYSE:NREF) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of NexPoint Real Estate Finance (NYSE:NREF) from a buy rating to a hold rating in a research report report published on Saturday, Zacks.com reports.

According to Zacks, “NexPoint Real Estate Finance Inc. is a real estate investment trust. It originate, structure and invest in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities. NexPoint Real Estate Finance Inc. is based in DALLAS. “

Separately, Raymond James upped their target price on shares of NexPoint Real Estate Finance from $21.50 to $22.50 and gave the company a strong-buy rating in a research report on Wednesday, April 21st.

NYSE NREF opened at $20.81 on Friday. The company has a debt-to-equity ratio of 6.35, a current ratio of 1,712.96 and a quick ratio of 1,712.96. NexPoint Real Estate Finance has a 1 year low of $10.23 and a 1 year high of $21.48. The business’s 50-day moving average is $19.80 and its 200 day moving average is $18.21.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. As a group, research analysts predict that NexPoint Real Estate Finance will post 1.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a $0.475 dividend. The ex-dividend date is Monday, June 14th. This represents a $1.90 dividend on an annualized basis and a yield of 9.13%.

In related news, Director Catherine D. Wood bought 3,000 shares of the company’s stock in a transaction on Friday, March 19th. The shares were acquired at an average cost of $18.56 per share, for a total transaction of $55,680.00. Following the purchase, the director now directly owns 4,432 shares of the company’s stock, valued at $82,257.92. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in shares of NexPoint Real Estate Finance during the fourth quarter valued at approximately $83,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NexPoint Real Estate Finance by 17.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,957 shares of the company’s stock valued at $214,000 after purchasing an additional 1,957 shares in the last quarter. BlackRock Inc. boosted its stake in shares of NexPoint Real Estate Finance by 3.9% during the fourth quarter. BlackRock Inc. now owns 23,031 shares of the company’s stock valued at $380,000 after purchasing an additional 865 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in NexPoint Real Estate Finance by 53.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,609 shares of the company’s stock valued at $1,381,000 after acquiring an additional 28,984 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in NexPoint Real Estate Finance by 4.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,500 shares of the company’s stock valued at $1,512,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

About NexPoint Real Estate Finance

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

See Also: Sell-Side Analysts

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