NexPoint Real Estate Finance (NYSE:NREF) Receives “Market Perform” Rating from JMP Securities

JMP Securities restated their market perform rating on shares of NexPoint Real Estate Finance (NYSE:NREF) in a research note published on Friday morning,Benzinga reports.

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 19th.

NexPoint Real Estate Finance Trading Down 3.2 %

Shares of NREF stock opened at $14.89 on Friday. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $18.09. The firm has a market cap of $259.99 million, a PE ratio of 14.18 and a beta of 1.65. The company has a 50-day moving average of $16.42 and a two-hundred day moving average of $15.47. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30.

NexPoint Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 13.43%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 190.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock valued at $102,000 after buying an additional 2,854 shares during the period. Copley Financial Group Inc. purchased a new position in NexPoint Real Estate Finance in the third quarter worth approximately $104,000. Hsbc Holdings PLC grew its holdings in NexPoint Real Estate Finance by 20.1% during the 2nd 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 increased its position 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NexPoint Real Estate Finance by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after purchasing an additional 814 shares in the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

About NexPoint Real Estate Finance

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.