NexPoint Real Estate Finance (NYSE:NREF) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of NexPoint Real Estate Finance (NYSE:NREF) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

NREF has been the topic of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research note on Wednesday, October 8th. Piper Sandler set a $15.00 price target on NexPoint Real Estate Finance and gave the company a “neutral” rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $14.75.

NexPoint Real Estate Finance Stock Performance

Shares of NexPoint Real Estate Finance stock opened at $13.67 on Friday. The firm has a market cap of $242.23 million, a P/E ratio of 5.67 and a beta of 1.28. The company has a current ratio of 207.44, a quick ratio of 207.44 and a debt-to-equity ratio of 1.58. NexPoint Real Estate Finance has a 12 month low of $12.14 and a 12 month high of $18.09. The stock’s fifty day moving average price is $14.35 and its 200-day moving average price is $14.30.

Insider Transactions at NexPoint Real Estate Finance

In related news, President James D. Dondero bought 66,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were bought at an average price of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the purchase, the president directly owned 319,490 shares of the company’s stock, valued at approximately $4,578,291.70. This trade represents a 26.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 54.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new stake in NexPoint Real Estate Finance in the second quarter worth about $248,000. HighTower Advisors LLC boosted its holdings in NexPoint Real Estate Finance by 20.7% in the first quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock worth $346,000 after acquiring an additional 3,871 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in NexPoint Real Estate Finance by 3.9% in the second quarter. Ritholtz Wealth Management now owns 56,632 shares of the company’s stock worth $781,000 after acquiring an additional 2,111 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in NexPoint Real Estate Finance by 20.9% in the first quarter. Penserra Capital Management LLC now owns 65,343 shares of the company’s stock worth $999,000 after acquiring an additional 11,286 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in NexPoint Real Estate Finance in the first quarter worth about $74,000. Institutional investors and hedge funds 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.