NexPoint Real Estate Finance, Inc. (NYSE:NREF) President Buys $28,073.60 in Stock


NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) President James D. Dondero acquired 1,132 shares of NexPoint Real Estate Finance stock in a transaction dated Wednesday, July 6th. The shares were bought at an average price of $24.80 per share, with a total value of $28,073.60. Following the transaction, the president now directly owns 6,161 shares in the company, valued at approximately $152,792.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:NREF opened at $20.97 on Friday. The company has a market capitalization of $305.95 million, a PE ratio of 6.03 and a beta of 1.59. NexPoint Real Estate Finance, Inc. has a 52-week low of $17.96 and a 52-week high of $25.98. The stock’s 50 day moving average price is $22.62 and its 200 day moving average price is $21.71. The company has a quick ratio of 551.26, a current ratio of 551.26 and a debt-to-equity ratio of 2.60.

NexPoint Real Estate Finance (NYSE:NREF – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. NexPoint Real Estate Finance had a net margin of 61.05% and a return on equity of 15.94%. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that NexPoint Real Estate Finance, Inc. will post 2.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 9.54%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is 57.47%.

A number of institutional investors and hedge funds have recently bought and sold shares of NREF. Penserra Capital Management LLC lifted its position in NexPoint Real Estate Finance by 28.8% during the 1st quarter. Penserra Capital Management LLC now owns 13,670 shares of the company’s stock worth $308,000 after acquiring an additional 3,060 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of NexPoint Real Estate Finance by 22.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 28,893 shares of the company’s stock worth $556,000 after purchasing an additional 5,333 shares during the period. Jane Street Group LLC raised its holdings in shares of NexPoint Real Estate Finance by 40.5% during the first quarter. Jane Street Group LLC now owns 21,557 shares of the company’s stock worth $487,000 after purchasing an additional 6,219 shares during the period. Monarch Partners Asset Management LLC grew its position in NexPoint Real Estate Finance by 9.3% in the 4th quarter. Monarch Partners Asset Management LLC now owns 85,800 shares of the company’s stock valued at $1,652,000 after buying an additional 7,310 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in NexPoint Real Estate Finance by 509.3% in the 1st quarter. JPMorgan Chase & Co. now owns 9,798 shares of the company’s stock valued at $221,000 after buying an additional 8,190 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Separately, Raymond James boosted their price target on shares of NexPoint Real Estate Finance from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 17th.

NexPoint Real Estate Finance Company Profile (Get Rating)

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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