Geode Capital Management LLC Cuts Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Geode Capital Management LLC lowered its position in NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,881 shares of the company’s stock after selling 6,246 shares during the quarter. Geode Capital Management LLC’s holdings in NexPoint Real Estate Finance were worth $2,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Foundation Advisors lifted its position in shares of NexPoint Real Estate Finance by 39.8% in the 2nd 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 last quarter. 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 worth $223,000 after acquiring an additional 2,740 shares in the last quarter. Barclays PLC boosted its holdings in NexPoint Real Estate Finance by 58.3% during 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. Bank of New York Mellon Corp raised its position in shares of 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 worth $331,000 after purchasing an additional 814 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of NexPoint Real Estate Finance by 59.6% in the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after buying an additional 23,249 shares during the period. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Price Performance

NYSE NREF opened at $15.66 on Tuesday. 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 cap of $273.44 million, a P/E ratio of 14.91 and a beta of 1.65. The stock’s 50-day moving average is $16.37 and its two-hundred day moving average is $15.45. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $18.09.

NexPoint Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.77%. The ex-dividend date of this dividend was Friday, December 13th. NexPoint Real Estate Finance’s dividend payout ratio is 190.48%.

Wall Street Analyst Weigh In

Separately, Raymond James cut 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 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.