State Street Corp Boosts Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

State Street Corp grew its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,696 shares of the company’s stock after buying an additional 5,875 shares during the period. State Street Corp owned 0.87% of NexPoint Real Estate Finance worth $2,371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its holdings in NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after purchasing an additional 13,020 shares in the last quarter. BOKF NA lifted its stake in shares of NexPoint Real Estate Finance by 7.4% during the second quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after buying an additional 4,649 shares during the period. Wedbush Securities Inc. grew its stake in NexPoint Real Estate Finance by 59.6% in the 2nd quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after acquiring an additional 23,249 shares during the period. Bank of New York Mellon Corp raised its holdings in NexPoint Real Estate Finance by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after acquiring an additional 814 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after purchasing an additional 2,740 shares during the period. 67.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

NexPoint Real Estate Finance Stock Performance

Shares of NREF stock opened at $15.69 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The firm has a market capitalization of $273.96 million, a price-to-earnings ratio of 14.94 and a beta of 1.64. NexPoint Real Estate Finance, Inc. has a one year low of $12.63 and a one year high of $18.09. The company has a 50 day moving average price of $16.26 and a 200 day moving average price of $15.38.

NexPoint Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.75%. NexPoint Real Estate Finance’s payout ratio is 190.48%.

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.