Charles Schwab Investment Management Inc. Purchases 1,986 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Charles Schwab Investment Management Inc. raised its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,308 shares of the company’s stock after acquiring an additional 1,986 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.15% of NexPoint Real Estate Finance worth $413,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Navis Wealth Advisors LLC boosted its holdings in NexPoint Real Estate Finance by 61.0% during the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock worth $269,000 after purchasing an additional 6,502 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 buying an additional 2,854 shares during the last quarter. Copley Financial Group Inc. acquired a new position in shares of NexPoint Real Estate Finance during the 3rd quarter worth about $104,000. Barclays PLC grew 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 acquiring an additional 8,002 shares in the last quarter. Finally, State Street Corp increased its position in shares of NexPoint Real Estate Finance by 4.0% in the third quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after acquiring an additional 5,875 shares during the last quarter. 67.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

NexPoint Real Estate Finance Stock Performance

Shares of NREF opened at $15.33 on Tuesday. The company has a market cap of $267.62 million, a PE ratio of 14.60 and a beta of 1.63. The firm has a 50-day moving average of $15.69 and a 200-day moving average of $15.82. NexPoint Real Estate Finance, Inc. has a one year low of $12.63 and a one year high of $18.09. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30.

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

NexPoint Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.05%. The ex-dividend date was Friday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is 270.27%.

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.