Navis Wealth Advisors LLC Acquires 6,502 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Navis Wealth Advisors LLC increased its holdings in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 61.0% during the 4th quarter, HoldingsChannel reports. The fund owned 17,162 shares of the company’s stock after buying an additional 6,502 shares during the period. Navis Wealth Advisors LLC’s holdings in NexPoint Real Estate Finance were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NREF. JPMorgan Chase & Co. lifted its stake in shares of NexPoint Real Estate Finance by 77.2% in the third quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after buying an additional 2,854 shares in the last quarter. Copley Financial Group Inc. bought a new position in shares of NexPoint Real Estate Finance in the third quarter worth approximately $104,000. Hsbc Holdings PLC lifted its stake in shares of 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 buying an additional 2,740 shares in the last quarter. Barclays PLC lifted its stake in shares of NexPoint Real Estate Finance by 58.3% in 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. Finally, Penserra Capital Management LLC lifted its stake in shares of 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 worth $1,092,000 after buying an additional 13,020 shares in the last quarter. Institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Stock Down 0.6 %

NREF opened at $15.13 on Friday. 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 firm has a 50 day moving average price of $16.25 and a 200-day moving average price of $15.61. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.63 and a twelve month high of $18.09. The stock has a market capitalization of $264.10 million, a price-to-earnings ratio of 14.40 and a beta of 1.65.

NexPoint Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 13.22%. NexPoint Real Estate Finance’s payout ratio is 190.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NREF. Keefe, Bruyette & Woods dropped their target price on shares of NexPoint Real Estate Finance from $16.50 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

NexPoint Real Estate Finance 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.