Wedbush Securities Inc. Reduces Stock Position in NexPoint Real Estate Finance, Inc. $NREF

Wedbush Securities Inc. lessened its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,917 shares of the company’s stock after selling 6,980 shares during the quarter. Wedbush Securities Inc. owned 0.43% of NexPoint Real Estate Finance worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NREF. PFG Investments LLC bought a new stake in NexPoint Real Estate Finance during the 2nd quarter valued at approximately $248,000. HighTower Advisors LLC grew its holdings in NexPoint Real Estate Finance by 20.7% during the 1st quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock valued at $346,000 after buying an additional 3,871 shares in the last quarter. Ritholtz Wealth Management grew its holdings in NexPoint Real Estate Finance by 3.9% during the 2nd quarter. Ritholtz Wealth Management now owns 56,632 shares of the company’s stock valued at $781,000 after buying an additional 2,111 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of NexPoint Real Estate Finance during the first quarter valued at approximately $74,000. Finally, Concorde Asset Management LLC lifted its holdings in shares of NexPoint Real Estate Finance by 37.1% in the first quarter. Concorde Asset Management LLC now owns 21,728 shares of the company’s stock worth $332,000 after buying an additional 5,878 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Stock Up 1.3%

Shares of NYSE:NREF opened at $13.39 on Monday. The firm has a market capitalization of $237.18 million, a PE ratio of 4.76 and a beta of 1.26. The business has a 50 day simple moving average of $14.04 and a two-hundred day simple moving average of $14.29. NexPoint Real Estate Finance, Inc. has a 1 year low of $12.14 and a 1 year high of $18.09. The company has a debt-to-equity ratio of 1.58, a current ratio of 207.44 and a quick ratio of 207.44.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.50 dividend. The ex-dividend date 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 payout ratio is presently 71.17%.

Insider Buying and Selling

In other news, President James D. Dondero bought 66,000 shares of the stock in a transaction on Monday, September 22nd. The stock was acquired at an average cost of $14.33 per share, for a total transaction of $945,780.00. Following the acquisition, the president owned 319,490 shares of the company’s stock, valued at $4,578,291.70. This represents a 26.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 54.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NREF. Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a 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 target price on NexPoint Real Estate Finance and gave the stock a “neutral” rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price 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.