JMP Securities Reiterates Market Perform Rating for NexPoint Real Estate Finance (NYSE:NREF)

NexPoint Real Estate Finance (NYSE:NREF)‘s stock had its “market perform” rating reaffirmed by JMP Securities in a research report issued on Friday,Benzinga reports.

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

NexPoint Real Estate Finance Trading Down 3.2 %

NYSE:NREF opened at $14.89 on Friday. NexPoint Real Estate Finance has a 12 month low of $12.63 and a 12 month high of $18.09. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71. The firm’s 50 day moving average is $16.42 and its 200 day moving average is $15.48. The stock has a market capitalization of $259.99 million, a PE ratio of 14.18 and a beta of 1.65.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of NexPoint Real Estate Finance by 77.2% in the third 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 period. Copley Financial Group Inc. purchased a new stake in NexPoint Real Estate Finance during the 3rd quarter worth about $104,000. Barclays PLC boosted its stake in NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after purchasing an additional 8,002 shares during the period. State Street Corp grew its holdings in NexPoint Real Estate Finance by 4.0% during the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after buying an additional 5,875 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of NexPoint Real Estate Finance by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after buying an additional 13,020 shares during the period. 67.79% of the stock is currently owned by hedge funds and other 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.