NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report ) was a target that saw a significant decrease in short interest during the month of June. As of June 30, short interest totaled 156,800 shares, down 13.1% from a total of 180,500 shares on June 15. Based on an average daily trading volume of 38,800 shares, the days coverage ratio is currently at 4.0 days.
Analyst Rating Changes
NREF has been the subject of numerous research analyst reports. Piper Sandler lowered their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Keefe, Bruyette & Woods lowered their price target on NexPoint Real Estate Finance from $14.00 to $13.50 and gave the company a “market average” rating in a research note on Tuesday, May 7th.
Check out our latest analysis for NREF
Institutional Investors Invest in NexPoint Real Estate Finance
Institutional investors and hedge funds have recently added to or reduced their holdings of this stock. Raymond James & Associates increased its holdings in NexPoint Real Estate Finance by 9.8% in the fourth quarter. Raymond James & Associates now owns 236,087 shares of the company's stock, valued at $3,718,000, after acquiring an additional 21,025 shares in the last quarter. The Vanguard Group increased its holdings in NexPoint Real Estate Finance by 0.8% in the first quarter. The Vanguard Group now owns 426,355 shares of the company's stock, valued at $6,122,000, after purchasing an additional 3,419 shares in the fourth quarter. Finally, BOKF NA increased its holdings in NexPoint Real Estate Finance by 3.7% in the first quarter. BOKF NA now owns 62,876 shares of the company's stock, valued at $846,000, after purchasing an additional 2,253 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company's stock.
NexPoint Real Estate Finance Stock Performance
NREF opened trading at $14.71 on Friday. The company has a market cap of $260.66 million, a P/E ratio of -26.75 and a beta of 1.61. The company has a debt-to-equity ratio of 1.52, a current ratio of 296.17 and a quick ratio of 296.17. The company's 50-day moving average price is $13.77 and its 200-day moving average price is $14.10. NexPoint Real Estate Finance's one year low is $12.63 and its one year high is $17.84.
NexPoint Real Estate Finance announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. This equates to a $2.00 dividend on an annualized basis, or a dividend yield of 13.60%. The ex-dividend date for this dividend was Friday, June 14th. NexPoint Real Estate Finance's Dividend Payout Ratio (DPR) is currently at -363.64%.
NexPoint Real Estate Finance Company Profile
(Get your free report)
NexPoint Real Estate Finance, Inc operates as a commercial mortgage real estate investment trust in the U.S. It focuses on originating, structuring and investing in first lien mortgages, mezzanine loans, preferred stock, convertible debt, multifamily housing, common equity investments, multifamily and single-family rental commercial mortgage-backed securities securitizations, multifamily structured credit risk notes, mortgage-backed securities or underlying assets.
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