NexPoint Real Estate Finance (NYSE:NREF) Price Target Raised to $16.00 at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its price objective upped by Keefe, Bruyette & Woods from $15.50 to $16.00 in a research report report published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

NexPoint Real Estate Finance Stock Up 0.9 %

NYSE NREF opened at $16.60 on Monday. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $18.09. The company has a market capitalization of $289.85 million, a price-to-earnings ratio of 15.81 and a beta of 1.64. The stock’s 50 day moving average is $15.56 and its two-hundred day moving average is $15.85. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance (NYSE:NREF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. Equities analysts forecast that NexPoint Real Estate Finance will post 1.48 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 12.05%. NexPoint Real Estate Finance’s dividend payout ratio is 270.27%.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in shares of NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after purchasing an additional 2,854 shares in the last quarter. Copley Financial Group Inc. bought a new stake in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $104,000. Cubist Systematic Strategies LLC acquired a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $186,000. Finally, Concorde Asset Management LLC bought a new position in NexPoint Real Estate Finance in the 4th quarter worth approximately $249,000. 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.