NexPoint Real Estate Finance, Inc. (NYSE:NREF) Short Interest Update

NexPoint Real Estate Finance, Inc. (NYSE:NREF) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 165,700 shares, a growth of 24.1% from the August 31st total of 133,500 shares. Based on an average daily trading volume, of 43,800 shares, the short-interest ratio is presently 3.8 days.

Institutional Trading of NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently modified their holdings of NREF. Vanguard Group Inc. grew its position in NexPoint Real Estate Finance by 0.8% during the first quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock valued at $6,122,000 after purchasing an additional 3,419 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in NexPoint Real Estate Finance by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after buying an additional 814 shares during the last quarter. Raymond James & Associates raised its position in NexPoint Real Estate Finance by 6.3% during the second quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after acquiring an additional 18,334 shares in the last quarter. Wedbush Securities Inc. lifted its stake in NexPoint Real Estate Finance by 59.6% in the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock valued at $854,000 after acquiring an additional 23,249 shares during the last quarter. Finally, BOKF NA increased its stake in shares of NexPoint Real Estate Finance by 3.7% during the 1st quarter. BOKF NA now owns 62,876 shares of the company’s stock worth $846,000 after purchasing an additional 2,253 shares during the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

NexPoint Real Estate Finance Price Performance

Shares of NYSE:NREF traded up $0.15 on Friday, reaching $15.30. 69,458 shares of the company traded hands, compared to its average volume of 40,187. The stock has a market capitalization of $271.10 million, a PE ratio of -27.82 and a beta of 1.61. The company has a debt-to-equity ratio of 1.76, a current ratio of 374.23 and a quick ratio of 374.23. The company’s 50 day moving average is $15.27 and its 200-day moving average is $14.23. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $17.25.

NexPoint Real Estate Finance (NYSE:NREF) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.25. NexPoint Real Estate Finance had a net margin of 23.44% and a return on equity of 7.15%. The company had revenue of $18.23 million during the quarter, compared to analyst estimates of $3.39 million. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.07%. NexPoint Real Estate Finance’s payout ratio is currently -363.64%.

Analyst Upgrades and Downgrades

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

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.