NexPoint Real Estate Finance (NYSE:NREF) PT Lowered to $14.00

NexPoint Real Estate Finance (NYSE:NREF) had its price objective cut by Piper Sandler from $16.00 to $14.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 4.56% from the company’s previous close.

Separately, Keefe, Bruyette & Woods dropped their target price on NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, April 10th.

NexPoint Real Estate Finance Price Performance

Shares of NYSE NREF opened at $13.39 on Monday. The stock has a market cap of $235.53 million, a price-to-earnings ratio of -24.35 and a beta of 1.61. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $17.84. The firm’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $14.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in NexPoint Real Estate Finance by 38.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock valued at $102,000 after buying an additional 1,750 shares during the last quarter. Barclays PLC grew its holdings in shares of NexPoint Real Estate Finance by 90.3% in the third quarter. Barclays PLC now owns 9,083 shares of the company’s stock valued at $149,000 after acquiring an additional 4,309 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $182,000. Atria Wealth Solutions Inc. lifted its holdings in NexPoint Real Estate Finance by 33.3% during the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock worth $362,000 after acquiring an additional 5,532 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in NexPoint Real Estate Finance by 39.1% during the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after acquiring an additional 31,400 shares during the period. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

About NexPoint Real Estate Finance

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.