JMP Securities Reiterates “Market Perform” Rating for NexPoint Real Estate Finance (NYSE:NREF)

NexPoint Real Estate Finance (NYSE:NREF)‘s stock had its “market perform” rating reissued by stock analysts at JMP Securities in a report issued on Friday,Benzinga reports.

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 19th.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $14.89 on Friday. The stock has a market cap of $259.99 million, a price-to-earnings ratio of 14.18 and a beta of 1.65. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The business has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $15.48. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $18.09.

Institutional Investors Weigh In On NexPoint Real Estate Finance

A number of large investors have recently added to or reduced their stakes in NREF. Penserra Capital Management LLC boosted its holdings 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 purchasing an additional 13,020 shares in the last quarter. Barclays PLC boosted its stake in NexPoint Real Estate Finance by 58.3% in the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after buying an additional 8,002 shares in the last quarter. Copley Financial Group Inc. bought a new position in NexPoint Real Estate Finance during the third quarter valued at approximately $104,000. State Street Corp grew its position in NexPoint Real Estate Finance by 4.0% during 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. Finally, BOKF NA raised its stake in shares of NexPoint Real Estate Finance by 7.4% during the second quarter. BOKF NA now owns 67,525 shares of the company’s stock worth $926,000 after acquiring an additional 4,649 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

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.