State Street Corp Raises Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

State Street Corp boosted its holdings in NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 151,696 shares of the company’s stock after buying an additional 5,875 shares during the period. State Street Corp’s holdings in NexPoint Real Estate Finance were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 814 shares in the last quarter. Wedbush Securities Inc. increased its holdings in NexPoint Real Estate Finance by 59.6% in the 2nd quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock valued at $854,000 after purchasing an additional 23,249 shares in the last quarter. Penserra Capital Management LLC raised its position in NexPoint Real Estate Finance by 22.9% in the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after purchasing an additional 13,020 shares during the period. Hsbc Holdings PLC raised its position in NexPoint Real Estate Finance by 20.1% in the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after purchasing an additional 2,740 shares during the period. Finally, First Foundation Advisors boosted its position 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 buying an additional 4,274 shares during the period. 67.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NexPoint Real Estate Finance Price Performance

Shares of NREF stock opened at $15.69 on Wednesday. The firm has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $15.38. The company has a market capitalization of $273.96 million, a PE ratio of 14.94 and a beta of 1.64. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.63 and a twelve month high of $18.09. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 12.75%. NexPoint Real Estate Finance’s payout ratio is currently 190.48%.

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.