NexPoint Real Estate Finance, Inc. (NYSE:NREF) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,377 shares of the company’s stock after acquiring an additional 32,008 shares during the period. Raymond James Financial Services Advisors Inc. owned about 1.17% of NexPoint Real Estate Finance worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of NexPoint Real Estate Finance during the second quarter worth $26,000. Dorsey Wright & Associates acquired a new position in NexPoint Real Estate Finance during the second quarter worth $35,000. Strs Ohio acquired a new position in NexPoint Real Estate Finance during the second quarter worth $36,000. American International Group Inc. acquired a new position in NexPoint Real Estate Finance during the second quarter worth $74,000. Finally, UBS Group AG acquired a new position in NexPoint Real Estate Finance during the second quarter worth $82,000. 65.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NREF has been the topic of several analyst reports. Raymond James lowered their target price on shares of NexPoint Real Estate Finance from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 18th. Piper Sandler started coverage on NexPoint Real Estate Finance in a research report on Monday, October 24th. They issued a “neutral” rating on the stock. Finally, JMP Securities started coverage on NexPoint Real Estate Finance in a research report on Thursday, September 29th. They issued a “market perform” rating on the stock.

NexPoint Real Estate Finance Stock Up 1.9 %

NREF stock opened at $17.83 on Monday. NexPoint Real Estate Finance, Inc. has a twelve month low of $14.16 and a twelve month high of $25.98. The company has a market cap of $267.09 million, a PE ratio of 11.65 and a beta of 1.63. The business’s 50-day simple moving average is $17.69 and its 200 day simple moving average is $18.76. The company has a quick ratio of 560.02, a current ratio of 560.02 and a debt-to-equity ratio of 2.61.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date was Wednesday, December 14th. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 130.72%.

Insider Buying and Selling

In other news, insider Matt Mcgraner bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The shares were acquired at an average cost of $16.81 per share, with a total value of $84,050.00. Following the completion of the transaction, the insider now directly owns 99,763 shares in the company, valued at $1,677,016.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 5,605 shares of company stock valued at $95,893 over the last three months. 48.00% of the stock is owned by corporate insiders.

About NexPoint Real Estate Finance

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NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.