Raymond James Financial Inc. Invests $5.21 Million in NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Raymond James Financial Inc. bought a new stake in NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 331,922 shares of the company’s stock, valued at approximately $5,208,000.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in NexPoint Real Estate Finance by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,550 shares of the company’s stock worth $102,000 after acquiring an additional 2,854 shares during the period. Copley Financial Group Inc. acquired a new position in shares of NexPoint Real Estate Finance during the third quarter worth $104,000. Navis Wealth Advisors LLC boosted its stake in shares of NexPoint Real Estate Finance by 61.0% in the fourth quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock valued at $269,000 after purchasing an additional 6,502 shares during the period. Barclays PLC grew its holdings in NexPoint Real Estate Finance by 58.3% during the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in NexPoint Real Estate Finance by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,308 shares of the company’s stock valued at $413,000 after purchasing an additional 1,986 shares during the last quarter. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Stock Performance

Shares of NREF opened at $15.70 on Wednesday. The firm has a fifty day moving average of $15.71 and a 200-day moving average of $15.85. NexPoint Real Estate Finance, Inc. has a 1 year low of $12.63 and a 1 year high of $18.09. The company has a market cap of $274.14 million, a price-to-earnings ratio of 14.95 and a beta of 1.63. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $21.69 million for the quarter, compared to the consensus estimate of $11.38 million. As a group, equities analysts anticipate that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current year.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 12.74%. The ex-dividend date is Friday, March 14th. NexPoint Real Estate Finance’s payout ratio is currently 270.27%.

Wall Street Analysts Forecast Growth

NREF has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. JMP Securities restated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th.

NexPoint Real Estate Finance Company 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.