NexPoint Real Estate Finance (NYSE:NREF) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of NexPoint Real Estate Finance (NYSE:NREF) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Keefe, Bruyette & Woods decreased 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 research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, NexPoint Real Estate Finance has an average rating of “Hold” and a consensus price target of $14.75.

NexPoint Real Estate Finance Stock Performance

Shares of NexPoint Real Estate Finance stock opened at $13.57 on Friday. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $18.09. The business’s fifty day simple moving average is $14.27 and its 200-day simple moving average is $14.74. The firm has a market cap of $240.32 million, a PE ratio of 5.63 and a beta of 1.22. The company has a quick ratio of 230.81, a current ratio of 230.81 and a debt-to-equity ratio of 1.66.

NexPoint Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.00 dividend on an annualized basis and a yield of 14.7%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is currently 82.99%.

Institutional Investors Weigh In On NexPoint Real Estate Finance

A number of hedge funds have recently bought and sold shares of NREF. Strs Ohio acquired a new stake in NexPoint Real Estate Finance in the 1st quarter valued at about $26,000. MetLife Investment Management LLC acquired a new stake in shares of NexPoint Real Estate Finance during the 1st quarter worth about $74,000. Wells Fargo & Company MN raised its position in shares of NexPoint Real Estate Finance by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock worth $75,000 after acquiring an additional 1,045 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of NexPoint Real Estate Finance by 47.3% during the 4th quarter. JPMorgan Chase & Co. now owns 9,649 shares of the company’s stock worth $151,000 after acquiring an additional 3,099 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of NexPoint Real Estate Finance during the 2nd quarter worth about $172,000. Institutional investors and hedge funds own 67.79% of the company’s stock.

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.