NexPoint Real Estate Finance, Inc. (NYSE:NREF - Get Free Report) insider Paul Richards bought 1,000 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of $12.28 per share, for a total transaction of $12,280.00. Following the transaction, the insider now directly owns 48,831 shares of the company's stock, valued at approximately $599,644.68. This represents a 2.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
NexPoint Real Estate Finance Price Performance
NREF stock opened at $12.77 on Friday. The company has a market capitalization of $225.31 million, a P/E ratio of 12.16 and a beta of 1.34. The company has a fifty day moving average price of $15.38 and a 200-day moving average price of $15.68. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. NexPoint Real Estate Finance, Inc. has a 52-week low of $12.14 and a 52-week high of $18.09.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. As a group, equities analysts expect that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current year.
NexPoint Real Estate Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 15.66%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Real Estate Finance's dividend payout ratio is currently 270.27%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company's stock valued at $340,000 after purchasing an additional 8,002 shares during the period. Raymond James Financial Inc. acquired a new position in NexPoint Real Estate Finance in the fourth quarter valued at approximately $5,208,000. Morey & Quinn Wealth Partners LLC bought a new position in shares of NexPoint Real Estate Finance during the 4th quarter worth approximately $622,000. JPMorgan Chase & Co. grew its position in shares of NexPoint Real Estate Finance by 77.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company's stock worth $102,000 after buying an additional 2,854 shares during the period. Finally, State Street Corp increased its stake in shares of NexPoint Real Estate Finance by 4.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 67.79% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NREF shares. JMP Securities reissued a "market perform" rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th. Keefe, Bruyette & Woods cut their price target on NexPoint Real Estate Finance from $16.00 to $15.00 and set a "market perform" rating on the stock in a research note on Monday.
Check Out Our Latest Report on NexPoint Real Estate Finance
About NexPoint Real Estate Finance
(
Get Free Report)
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.
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