NexPoint Real Estate Finance (NYSE:NREF) Given New $16.00 Price Target at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $15.50 to $16.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 2.94% from the company’s previous close.

Separately, JMP Securities restated a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

NexPoint Real Estate Finance Trading Up 0.2 %

NYSE:NREF traded up $0.04 during trading hours on Monday, hitting $16.49. The company had a trading volume of 14,185 shares, compared to its average volume of 33,218. 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 stock has a 50-day moving average price of $15.54 and a 200 day moving average price of $15.84. The company has a market capitalization of $287.84 million, a PE ratio of 15.70 and a beta of 1.64. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF) last released its earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $11.38 million. On average, equities research analysts predict that NexPoint Real Estate Finance will post 1.48 EPS for the current fiscal year.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Berkeley Capital Partners LLC raised its stake in NexPoint Real Estate Finance by 2.1% during the fourth quarter. Berkeley Capital Partners LLC now owns 37,887 shares of the company’s stock valued at $594,000 after purchasing an additional 780 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in NexPoint Real Estate Finance by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,801 shares of the company’s stock valued at $75,000 after buying an additional 1,045 shares in the last quarter. Barclays PLC boosted its holdings in shares of NexPoint Real Estate Finance by 7.4% in the fourth quarter. Barclays PLC now owns 23,345 shares of the company’s stock valued at $366,000 after purchasing an additional 1,615 shares during the period. Northern Trust Corp lifted its holdings in shares of NexPoint Real Estate Finance by 2.9% in the 4th quarter. Northern Trust Corp now owns 69,621 shares of the company’s stock worth $1,092,000 after buying an additional 1,948 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in NexPoint Real Estate Finance by 8.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company’s stock worth $413,000 after acquiring an additional 1,986 shares in the last quarter. Institutional investors 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.