Insider Buying: NexPoint Real Estate Finance, Inc. (NYSE:NREF) Insider Purchases 1,000 Shares of Stock

NexPoint Real Estate Finance, Inc. (NYSE:NREF) insider Paul Richards acquired 1,000 shares of NexPoint Real Estate Finance stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of $12.28 per share, for a total transaction of $12,280.00. Following the acquisition, the insider now owns 48,831 shares in the company, valued at approximately $599,644.68. This represents a 2.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NexPoint Real Estate Finance Stock Up 0.7 %

Shares of NexPoint Real Estate Finance stock opened at $12.84 on Friday. NexPoint Real Estate Finance, Inc. has a 12 month low of $12.14 and a 12 month high of $18.09. The business has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $15.66. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The stock has a market cap of $226.55 million, a PE ratio of 12.23 and a beta of 1.34.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $21.69 million for the quarter, compared to analyst estimates of $11.38 million. Research analysts predict that NexPoint Real Estate Finance, Inc. will post 1.48 EPS for the current year.

NexPoint Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 15.58%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 270.27%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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, April 7th. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in NexPoint Real Estate Finance by 58.3% during the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after purchasing an additional 8,002 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NexPoint Real Estate Finance in the fourth quarter valued at approximately $5,208,000. Morey & Quinn Wealth Partners LLC bought a new stake in shares of NexPoint Real Estate Finance during the fourth quarter worth $622,000. JPMorgan Chase & Co. raised its holdings in shares of NexPoint Real Estate Finance by 77.2% during the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after acquiring an additional 2,854 shares during the period. Finally, State Street Corp lifted its position in 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.

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.