NexPoint Real Estate Finance (NYSE:NREF) Upgraded at Wall Street Zen

NexPoint Real Estate Finance (NYSE:NREF) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Piper Sandler set a $15.00 price target on shares of NexPoint Real Estate Finance and gave the company a “neutral” rating in a research note on Monday, August 4th. Weiss Ratings restated a “sell (d+)” rating on shares of NexPoint Real Estate Finance in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.75.

NexPoint Real Estate Finance Stock Up 1.3%

NexPoint Real Estate Finance stock opened at $13.39 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 207.44 and a current ratio of 207.44. NexPoint Real Estate Finance has a one year low of $12.14 and a one year high of $18.09. The company has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.29. The firm has a market capitalization of $237.18 million, a P/E ratio of 4.76 and a beta of 1.26.

Insider Activity at NexPoint Real Estate Finance

In other news, President James D. Dondero acquired 66,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was acquired at an average price of $14.33 per share, for a total transaction of $945,780.00. Following the completion of the acquisition, the president directly owned 319,490 shares in the company, valued at $4,578,291.70. This represents a 26.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 55.70% of the company’s stock.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of NREF. Police & Firemen s Retirement System of New Jersey bought a new position in shares of NexPoint Real Estate Finance during the 2nd quarter valued at about $25,000. Strs Ohio bought a new stake in NexPoint Real Estate Finance during the first quarter worth approximately $26,000. MetLife Investment Management LLC bought a new stake in NexPoint Real Estate Finance during the first quarter worth approximately $74,000. Kapitalo Investimentos Ltda acquired a new position in NexPoint Real Estate Finance in the second quarter worth approximately $172,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of NexPoint Real Estate Finance by 127.3% in the second quarter. Russell Investments Group Ltd. now owns 13,043 shares of the company’s stock valued at $180,000 after buying an additional 7,306 shares in the last quarter. 67.79% of the stock is currently owned by 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.