Charles Schwab Investment Management Inc. Sells 1,948 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Charles Schwab Investment Management Inc. reduced its position in NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 7.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,322 shares of the company’s stock after selling 1,948 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NexPoint Real Estate Finance were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NREF. Raymond James & Associates lifted its stake in shares of NexPoint Real Estate Finance by 6.3% during the 2nd quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after buying an additional 18,334 shares in the last quarter. BOKF NA raised its holdings in NexPoint Real Estate Finance by 7.4% during the 2nd quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after acquiring an additional 4,649 shares during the period. Wedbush Securities Inc. lifted its position in shares of NexPoint Real Estate Finance by 59.6% during the second quarter. Wedbush Securities Inc. now owns 62,230 shares of the company’s stock worth $854,000 after acquiring an additional 23,249 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NexPoint Real Estate Finance by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after acquiring an additional 814 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of NexPoint Real Estate Finance by 20.1% in the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after acquiring an additional 2,740 shares during the period. 67.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James lowered 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 Price Performance

NREF stock opened at $15.95 on Friday. The firm has a 50 day moving average of $16.19 and a 200-day moving average of $15.28. The firm has a market capitalization of $278.50 million, a P/E ratio of 15.19 and a beta of 1.64. NexPoint Real Estate Finance, Inc. has a 12 month low of $12.63 and a 12 month high of $18.09. The company has a current ratio of 280.30, a quick ratio of 280.30 and a debt-to-equity ratio of 1.71.

NexPoint Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Real Estate Finance’s payout ratio is 190.48%.

About NexPoint Real Estate Finance

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.