NexPoint Real Estate Finance (NYSE:NREF) Given New $16.00 Price Target at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $15.50 to $16.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 2.94% from the company’s previous close.

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

NexPoint Real Estate Finance Stock Up 0.2 %

NREF traded up $0.04 during trading on Monday, hitting $16.49. 14,185 shares of the company’s stock were exchanged, compared to its average volume of 33,218. The stock has a market cap of $287.84 million, a P/E ratio of 15.70 and a beta of 1.64. The business’s 50 day moving average is $15.54 and its two-hundred day moving average is $15.84. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $18.09. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance (NYSE:NREF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $21.69 million for the quarter, compared to analyst estimates of $11.38 million. As a group, equities analysts expect that NexPoint Real Estate Finance will post 1.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in shares of NexPoint Real Estate Finance by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock worth $75,000 after purchasing an additional 1,045 shares during the period. JPMorgan Chase & Co. boosted its stake in NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after purchasing an additional 2,854 shares during the period. Copley Financial Group Inc. purchased a new position in NexPoint Real Estate Finance during the third quarter valued at approximately $104,000. Cubist Systematic Strategies LLC purchased a new stake in NexPoint Real Estate Finance in the fourth quarter valued at approximately $186,000. Finally, Concorde Asset Management LLC purchased a new position in NexPoint Real Estate Finance in the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Company Profile

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.