NexPoint Real Estate Finance (NYSE:NREF – Get Free Report) was downgraded by research analysts at Raymond James from a “strong-buy” rating to a “market perform” rating in a report released on Thursday, MarketBeat reports.
NexPoint Real Estate Finance Stock Performance
Shares of NexPoint Real Estate Finance stock opened at $16.56 on Thursday. The firm has a market capitalization of $293.43 million, a P/E ratio of -30.11 and a beta of 1.61. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $17.25. The company has a quick ratio of 374.23, a current ratio of 374.23 and a debt-to-equity ratio of 1.76. The company has a 50 day moving average price of $15.21 and a 200 day moving average price of $14.19.
NexPoint Real Estate Finance (NYSE:NREF – Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.38 by $0.25. NexPoint Real Estate Finance had a net margin of 23.44% and a return on equity of 7.15%. The business had revenue of $18.23 million during the quarter, compared to the consensus estimate of $3.39 million. During the same period in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts expect that NexPoint Real Estate Finance will post 0.97 EPS for the current year.
Institutional Investors Weigh In On NexPoint Real Estate Finance
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.
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