LPL Financial LLC Boosts Holdings in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

LPL Financial LLC boosted its holdings in NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,093 shares of the company’s stock after purchasing an additional 2,045 shares during the quarter. LPL Financial LLC owned approximately 0.18% of NexPoint Real Estate Finance worth $488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NREF. Berkeley Capital Partners LLC increased its holdings in NexPoint Real Estate Finance by 2.1% in the 4th quarter. Berkeley Capital Partners LLC now owns 37,887 shares of the company’s stock valued at $594,000 after acquiring an additional 780 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NexPoint Real Estate Finance in the fourth quarter worth about $5,208,000. Charles Schwab Investment Management Inc. boosted its stake in NexPoint Real Estate Finance by 8.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company’s stock valued at $413,000 after buying an additional 1,986 shares during the last quarter. Navis Wealth Advisors LLC grew its holdings in NexPoint Real Estate Finance by 61.0% during the 4th quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock valued at $269,000 after buying an additional 6,502 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 worth $102,000 after acquiring an additional 2,854 shares during the last quarter. Institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Stock Up 0.6 %

Shares of NREF opened at $13.81 on Friday. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The business has a fifty day moving average of $15.00 and a 200 day moving average of $15.55. The company has a market cap of $243.66 million, a PE ratio of 13.15 and a beta of 1.34. NexPoint Real Estate Finance, Inc. has a 52-week low of $12.14 and a 52-week high of $18.09.

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

NexPoint Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 14.48%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 270.27%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NREF. Keefe, Bruyette & Woods cut their target price on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Monday, April 7th. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

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.