JPMorgan Chase & Co. Purchases 2,854 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

JPMorgan Chase & Co. grew its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 77.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,550 shares of the company’s stock after purchasing an additional 2,854 shares during the period. JPMorgan Chase & Co.’s holdings in NexPoint Real Estate Finance were worth $102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC increased its position in shares of NexPoint Real Estate Finance by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after acquiring an additional 13,020 shares during the last quarter. State Street Corp increased its position in shares of 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. Barclays PLC increased its position in shares of NexPoint Real Estate Finance by 58.3% during the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after acquiring an additional 8,002 shares during the last quarter. Finally, Copley Financial Group Inc. purchased a new stake in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $104,000. 67.79% of the stock is owned by institutional investors.

NexPoint Real Estate Finance Price Performance

NexPoint Real Estate Finance stock opened at $15.47 on Monday. NexPoint Real Estate Finance, Inc. has a one year low of $12.63 and a one year high of $18.09. The business has a fifty day moving average price of $16.10 and a 200-day moving average price of $15.63. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The firm has a market capitalization of $270.11 million, a P/E ratio of 14.73 and a beta of 1.65.

Analysts Set New Price Targets

NREF has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th. Keefe, Bruyette & Woods reduced their price objective on NexPoint Real Estate Finance from $16.50 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th.

NexPoint Real Estate Finance 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.