Cubist Systematic Strategies LLC Takes Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Cubist Systematic Strategies LLC acquired a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,867 shares of the company’s stock, valued at approximately $186,000. Cubist Systematic Strategies LLC owned approximately 0.07% of NexPoint Real Estate Finance as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of NexPoint Real Estate Finance by 10.2% in the 4th quarter. Bank of America Corp DE now owns 26,454 shares of the company’s stock worth $415,000 after purchasing an additional 2,445 shares in the last quarter. Jane Street Group LLC lifted its position in NexPoint Real Estate Finance by 101.9% during the fourth quarter. Jane Street Group LLC now owns 24,274 shares of the company’s stock valued at $381,000 after purchasing an additional 12,251 shares in the last quarter. Northern Trust Corp lifted its position in NexPoint Real Estate Finance by 2.9% during the fourth quarter. Northern Trust Corp now owns 69,621 shares of the company’s stock valued at $1,092,000 after purchasing an additional 1,948 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of NexPoint Real Estate Finance in the fourth quarter valued at about $568,000. Finally, Barclays PLC lifted its position in shares of NexPoint Real Estate Finance by 7.4% in the fourth quarter. Barclays PLC now owns 23,345 shares of the company’s stock valued at $366,000 after acquiring an additional 1,615 shares in the last quarter. Institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Trading Up 1.1%

Shares of NYSE NREF opened at $15.25 on Monday. The business’s 50 day moving average is $14.50 and its two-hundred day moving average is $15.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. NexPoint Real Estate Finance, Inc. has a 1-year low of $12.14 and a 1-year high of $18.09. The stock has a market capitalization of $268.98 million, a P/E ratio of 14.52 and a beta of 1.33.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million for the quarter, compared to the consensus estimate of $11.38 million. As a group, research 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.12%. NexPoint Real Estate Finance’s dividend payout ratio is 88.11%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their target price on NexPoint Real Estate Finance from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Friday, May 2nd.

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.