Penserra Capital Management LLC Boosts Stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Penserra Capital Management LLC grew its stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,923 shares of the company’s stock after buying an additional 13,020 shares during the period. Penserra Capital Management LLC owned 0.40% of NexPoint Real Estate Finance worth $1,092,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of NexPoint Real Estate Finance by 0.8% during the first quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock worth $6,122,000 after buying an additional 3,419 shares in the last quarter. Raymond James & Associates raised its holdings in NexPoint Real Estate Finance by 6.3% in the 2nd quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after acquiring an additional 18,334 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of NexPoint Real Estate Finance by 3.5% in the second 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 during the period. First Foundation Advisors increased its stake in NexPoint Real Estate Finance by 39.8% in the second quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock valued at $206,000 after purchasing an additional 4,274 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in NexPoint Real Estate Finance by 59.6% in the 2nd quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after buying an additional 23,249 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NexPoint Real Estate Finance Stock Performance

NYSE:NREF opened at $17.26 on Wednesday. The company has a market cap of $301.36 million, a P/E ratio of 16.44 and a beta of 1.61. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The firm’s 50 day moving average is $15.60 and its two-hundred day moving average is $14.90. NexPoint Real Estate Finance, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $17.40.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Real Estate Finance’s payout ratio is currently 190.48%.

NexPoint Real Estate Finance Profile

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.