NexPoint Real Estate Finance, Inc. (NYSE:NREF) Insider Acquires $12,280.00 in Stock

NexPoint Real Estate Finance, Inc. (NYSE:NREF) insider Paul Richards acquired 1,000 shares of the stock in a transaction dated Wednesday, April 9th. The stock was bought at an average price of $12.28 per share, for a total transaction of $12,280.00. Following the purchase, the insider now owns 48,831 shares of the company’s stock, valued at $599,644.68. The trade was a 2.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NexPoint Real Estate Finance Stock Up 0.7 %

NREF opened at $12.84 on Friday. The company has a market capitalization of $226.55 million, a P/E ratio of 12.23 and a beta of 1.34. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The firm’s fifty day moving average price is $15.33 and its two-hundred day moving average price is $15.66. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.14 and a fifty-two week high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $21.69 million during the quarter, compared to the consensus estimate of $11.38 million. On average, analysts anticipate that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current year.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 15.58%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 270.27%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, April 7th. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th.

Institutional Trading of NexPoint Real Estate Finance

A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of NexPoint Real Estate Finance by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock valued at $75,000 after acquiring an additional 1,045 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $102,000 after purchasing an additional 2,854 shares during the last quarter. Copley Financial Group Inc. acquired a new position in NexPoint Real Estate Finance in the third quarter worth $104,000. Cubist Systematic Strategies LLC bought a new stake in shares of NexPoint Real Estate Finance during the fourth quarter worth $186,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at $249,000. 67.79% of the stock is currently owned by institutional investors.

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.