40,083 Shares in NexPoint Real Estate Finance, Inc. $NREF Acquired by Summit Asset Management LLC

Summit Asset Management LLC purchased a new stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,083 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also modified their holdings of the business. PFG Investments LLC acquired a new stake in shares of NexPoint Real Estate Finance during the 2nd quarter worth about $248,000. Wedbush Securities Inc. boosted its stake in NexPoint Real Estate Finance by 18.4% during the first quarter. Wedbush Securities Inc. now owns 83,897 shares of the company’s stock worth $1,283,000 after buying an additional 13,051 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of NexPoint Real Estate Finance during the second quarter valued at about $172,000. Goldman Sachs Group Inc. raised its stake in shares of NexPoint Real Estate Finance by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,920 shares of the company’s stock valued at $656,000 after acquiring an additional 6,049 shares during the period. Finally, Concorde Asset Management LLC raised its stake in shares of NexPoint Real Estate Finance by 37.1% in the 1st quarter. Concorde Asset Management LLC now owns 21,728 shares of the company’s stock valued at $332,000 after acquiring an additional 5,878 shares during the period. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Trading Up 1.3%

Shares of NREF stock opened at $13.39 on Friday. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.14 and a fifty-two week high of $18.09. The company has a 50 day moving average price of $14.04 and a 200 day moving average price of $14.29. The stock has a market capitalization of $237.18 million, a P/E ratio of 4.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44.

NexPoint Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.9%. NexPoint Real Estate Finance’s dividend payout ratio is currently 71.17%.

Insider Activity

In related news, President James D. Dondero acquired 66,000 shares of NexPoint Real Estate Finance stock in a transaction dated Monday, September 22nd. The shares were acquired at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the purchase, the president owned 319,490 shares in the company, valued at approximately $4,578,291.70. The trade was a 26.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 55.70% of the company’s stock.

Analyst Ratings Changes

NREF has been the subject of a number of research analyst reports. Wall Street Zen raised shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $15.00 price objective on NexPoint Real Estate Finance and gave the company a “neutral” rating in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.75.

NexPoint Real Estate Finance 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.