Raymond James Financial Inc. Takes Position in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Raymond James Financial Inc. purchased a new stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 331,922 shares of the company’s stock, valued at approximately $5,208,000. Raymond James Financial Inc. owned 1.90% of NexPoint Real Estate Finance as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NREF. Penserra Capital Management LLC lifted its stake in shares of NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock worth $1,092,000 after acquiring an additional 13,020 shares during the period. State Street Corp raised its stake in shares of NexPoint Real Estate Finance by 4.0% during the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after buying an additional 5,875 shares in the last quarter. Barclays PLC lifted its holdings in shares of NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after buying an additional 8,002 shares during the period. Copley Financial Group Inc. acquired a new position in NexPoint Real Estate Finance during the third quarter worth $104,000. Finally, JPMorgan Chase & Co. boosted its position in shares of NexPoint Real Estate Finance by 77.2% during the 3rd 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. 67.79% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Stock Performance

NYSE NREF opened at $15.70 on Wednesday. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $18.09. The business has a fifty day moving average of $15.71 and a 200-day moving average of $15.85. The stock has a market cap of $274.14 million, a price-to-earnings ratio of 14.95 and a beta of 1.63.

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

NexPoint Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.74%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 270.27%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd.

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.