NexPoint Real Estate Finance (NYSE:NREF) Given New $15.00 Price Target at Piper Sandler

NexPoint Real Estate Finance (NYSE:NREF) had its price target dropped by Piper Sandler from $17.50 to $15.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler‘s target price points to a potential upside of 11.41% from the stock’s current price.

NREF has been the topic of several other reports. Wall Street Zen downgraded shares of NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NexPoint Real Estate Finance in a research report on Monday, September 28th. Zacks Research upgraded shares of NexPoint Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of NexPoint Real Estate Finance from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, October 9th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.00.

NexPoint Real Estate Finance Trading Up 0.5%

NREF stock traded up $0.06 during trading on Monday, reaching $13.46. 20,234 shares of the stock traded hands, compared to its average volume of 58,432. The business’s 50 day moving average price is $15.89 and its 200-day moving average price is $15.40. The company has a debt-to-equity ratio of 1.79, a current ratio of 163.94 and a quick ratio of 163.94. NexPoint Real Estate Finance has a 52-week low of $12.60 and a 52-week high of $18.43. The firm has a market capitalization of $253.77 million, a PE ratio of 23.15 and a beta of 1.11.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. NexPoint Real Estate Finance had a return on equity of 12.31% and a net margin of 47.44%. The company had revenue of $27.34 million for the quarter, compared to analysts’ expectations of $14.57 million. As a group, sell-side analysts forecast that NexPoint Real Estate Finance will post 1.50 earnings per share for the current year.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Institutional investors have recently made changes to their positions in the company. Next Level Wealth Planning LLC acquired a new stake in shares of NexPoint Real Estate Finance in the third quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of NexPoint Real Estate Finance during the second quarter valued at about $90,000. Deutsche Bank AG bought a new stake in NexPoint Real Estate Finance during the 2nd quarter valued at $109,000. SG Americas Securities LLC purchased a new position in shares of NexPoint Real Estate Finance during the first quarter valued at approximately $107,000. Finally, Callan Family Office LLC purchased a new stake in NexPoint Real Estate Finance in the 2nd quarter valued at about $189,000. Institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc (NYSE:NREF) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on generating income through investments in commercial real estate debt and related credit instruments rather than directly operating properties.

Its investment activities have included transitional mortgage loans, senior and subordinate loans, mezzanine loans, preferred equity investments, and commercial mortgage-backed securities. NexPoint Real Estate Finance has emphasized lending and investment opportunities tied primarily to multifamily and other commercial real estate assets in the United States.

The company was formed in 2015 and became a publicly traded company in 2020.