NexPoint Real Estate Finance, Inc. (NYSE: NREF) was the target of a sharp drop in short interest during the month of December. As of December 31, there was short interest totaling 31,200 shares, a decrease of 44.6% from the total of 56,300 shares as of December 15. Based on an average daily volume of 53,900 shares, the short interest ratio is currently 0.6 days.
Several equity analysts have recently weighed in on NREF shares. Zacks Investment Research upgraded NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a Saturday, November 20 research report. Raymond James raised his price target on NexPoint Real Estate Finance from $22.50 to $23.00 and gave the stock a “strong buy” rating in a Tuesday, November 16 research report.
A number of institutional investors have recently changed their stock portfolios. Raymond James & Associates increased its stake in NexPoint Real Estate Finance by 60.1% during the third quarter. Raymond James & Associates now owns 226,230 shares of the company worth $4,407,000 after purchasing an additional 84,927 shares during the period. Renaissance Technologies LLC increased its stake in the shares of NexPoint Real Estate Finance by 13.8% in the 2nd quarter. Renaissance Technologies LLC now owns 179,896 shares of the company valued at $3,758,000 after purchasing an additional 21,753 shares during the period. Marshall Wace LLP increased its stake in shares of NexPoint Real Estate Finance by 847.8% in Q3. Marshall Wace LLP now owns 117,293 shares of the company valued at $2,285,000 after purchasing an additional 104,918 shares during the period. Millennium Management LLC acquired a new equity stake in NexPoint Real Estate Finance in Q3, valued at approximately $2,270,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in NexPoint Real Estate Finance shares by 6.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 108,669 shares of the company valued at $2,117,000 after purchasing an additional 6,575 shares during the period. 63.51% of the shares are currently held by institutional investors and hedge funds.
Shares of NYSE: NREF traded at $0.20 during midday trading on Friday, reaching $20.86. The company had a trading volume of 36,178 shares, compared to its average volume of 68,165. NexPoint Real Estate Finance has a 12-month low of $15.61 and a 12-month high of 23.97 $. The company has a current ratio of 904.42, a quick ratio of 904.42 and a debt ratio of 3.85. The stock has a market capitalization of $191.08 million, a price-earnings ratio of 4.82 and a beta of 2.10. The company has a fifty-day simple moving average of $20.58 and a 200-day simple moving average of $20.61.
NexPoint Real Estate Finance (NYSE:NREF) last released its quarterly results on Thursday, November 4. The company reported earnings per share (EPS) of $0.71 for the quarter, beating Thomson Reuters consensus estimate of $0.52 by $0.19. NexPoint Real Estate Finance achieved a return on equity of 7.82% and a net margin of 100.98%. During the same period last year, the company posted EPS of $0.52. Equity analysts expect NexPoint Real Estate Finance to post an EPS of 2.04 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 30. Investors of record on Wednesday, December 15 received a dividend of $0.475 per share. This represents an annualized dividend of $1.90 and a yield of 9.11%. The ex-dividend date was Tuesday, December 14. NexPoint Real Estate Finance’s payout ratio is currently 43.88%.
About NexPoint Real Estate Financing
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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.
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