NexPoint Real Estate Finance (NYSE:NREF) Shares Down 0.5% – What’s Next?

NexPoint Real Estate Finance, Inc. (NYSE:NREF) shares fell 0.5% during mid-day trading on Monday . The company traded as low as $14.75 and last traded at $14.7740. 50,250 shares were traded during mid-day trading, an increase of 8% from the average session volume of 46,514 shares. The stock had previously closed at $14.85.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of NexPoint Real Estate Finance from $14.50 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of NexPoint Real Estate Finance in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.50.

NexPoint Real Estate Finance Stock Performance

The company has a quick ratio of 175.70, a current ratio of 175.70 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $261.80 million, a P/E ratio of 5.26 and a beta of 1.19. The business has a fifty day moving average price of $14.52 and a 200-day moving average price of $14.30.

Insider Activity

In other news, Director Brian Mitts sold 11,904 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $14.51, for a total transaction of $172,727.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 54.00% of the stock is currently owned by insiders.

Institutional Trading of NexPoint Real Estate Finance

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its stake in shares of NexPoint Real Estate Finance by 1.0% during the 3rd quarter. Raymond James Financial Inc. now owns 308,477 shares of the company’s stock valued at $4,374,000 after acquiring an additional 3,190 shares during the period. Geode Capital Management LLC increased its stake in shares of NexPoint Real Estate Finance by 0.9% in the second quarter. Geode Capital Management LLC now owns 201,310 shares of the company’s stock worth $2,777,000 after purchasing an additional 1,716 shares in the last quarter. Copley Financial Group Inc. lifted its stake in shares of NexPoint Real Estate Finance by 200.2% during the 3rd quarter. Copley Financial Group Inc. now owns 113,834 shares of the company’s stock valued at $1,614,000 after buying an additional 75,918 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in NexPoint Real Estate Finance by 43.5% in the 4th quarter. Ritholtz Wealth Management now owns 96,697 shares of the company’s stock worth $1,361,000 after buying an additional 29,291 shares during the period. Finally, 1776 Wealth LLC increased its stake in NexPoint Real Estate Finance by 4.8% in the 3rd quarter. 1776 Wealth LLC now owns 72,458 shares of the company’s stock worth $1,027,000 after buying an additional 3,304 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 is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.

Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.