NexPoint Real Estate Finance (NYSE:NREF) Rating Lowered to Market Perform at Raymond James

Raymond James downgraded shares of NexPoint Real Estate Finance (NYSE:NREF) from a strong-buy rating to a market perform rating in a research report report published on Thursday morning, MarketBeat.com reports.

NexPoint Real Estate Finance Price Performance

Shares of NREF opened at $15.27 on Thursday. NexPoint Real Estate Finance has a twelve month low of $12.63 and a twelve month high of $17.25. The company has a market capitalization of $270.57 million, a P/E ratio of -27.76 and a beta of 1.61. The firm has a 50 day moving average of $15.21 and a 200 day moving average of $14.19. The company has a quick ratio of 374.23, a current ratio of 374.23 and a debt-to-equity ratio of 1.76.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25. NexPoint Real Estate Finance had a return on equity of 7.15% and a net margin of 23.44%. The business had revenue of $18.23 million during the quarter, compared to analyst estimates of $3.39 million. During the same quarter last year, the company earned $0.41 EPS. As a group, equities research analysts anticipate that NexPoint Real Estate Finance will post 0.97 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.10%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Real Estate Finance’s dividend payout ratio is currently -363.64%.

Institutional Trading of NexPoint Real Estate Finance

A number of large investors have recently made changes to their positions in NREF. Bank of New York Mellon Corp lifted its position in NexPoint Real Estate Finance by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after purchasing an additional 814 shares during the period. BOKF NA raised its stake in NexPoint Real Estate Finance by 3.7% during the 1st quarter. BOKF NA now owns 62,876 shares of the company’s stock valued at $846,000 after buying an additional 2,253 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after buying an additional 2,740 shares during the period. Vanguard Group Inc. boosted its stake in shares of NexPoint Real Estate Finance by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock worth $6,122,000 after buying an additional 3,419 shares during the last quarter. Finally, First Foundation Advisors grew its holdings in shares of NexPoint Real Estate Finance by 39.8% in the second quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock worth $206,000 after acquiring an additional 4,274 shares during the period. 67.79% of the stock is currently owned by institutional investors.

NexPoint Real Estate Finance Company Profile

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.