Charles Schwab Investment Management Inc. Purchases 1,986 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Charles Schwab Investment Management Inc. grew its position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,308 shares of the company’s stock after buying an additional 1,986 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NexPoint Real Estate Finance were worth $413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in NexPoint Real Estate Finance by 77.2% during the third 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. State Street Corp boosted its holdings in NexPoint Real Estate Finance by 4.0% in the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after purchasing an additional 5,875 shares during the period. Navis Wealth Advisors LLC grew its position in shares of NexPoint Real Estate Finance by 61.0% during the 4th quarter. Navis Wealth Advisors LLC now owns 17,162 shares of the company’s stock worth $269,000 after purchasing an additional 6,502 shares in the last quarter. Copley Financial Group Inc. bought a new position in shares of NexPoint Real Estate Finance during the third quarter worth approximately $104,000. Finally, Barclays PLC raised its position in shares of NexPoint Real Estate Finance by 58.3% in the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after buying an additional 8,002 shares in the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NREF shares. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Keefe, Bruyette & Woods increased their target price on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd.

NexPoint Real Estate Finance Stock Performance

Shares of NexPoint Real Estate Finance stock opened at $15.33 on Tuesday. The company has a 50 day moving average of $15.69 and a 200-day moving average of $15.82. The company has a market cap of $267.62 million, a PE ratio of 14.60 and a beta of 1.63. 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, Inc. has a 1-year low of $12.63 and a 1-year high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF) last issued its earnings results 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 business had revenue of $21.69 million during the quarter, compared to analyst estimates of $11.38 million. As a group, equities research analysts forecast that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current fiscal year.

NexPoint Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.05%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is presently 270.27%.

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.