NexPoint Real Estate Finance (NYSE:NREF) Price Target Lowered to $15.50 at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its price target dropped by analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 3.13% from the company’s previous close.

Several other equities research analysts have also recently issued reports on NREF. JMP Securities reissued a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday. Raymond James cut 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 Trading Up 0.1 %

NYSE NREF traded up $0.02 during trading hours on Tuesday, hitting $15.03. 2,779 shares of the company’s stock were exchanged, compared to its average volume of 34,172. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The firm has a market capitalization of $262.44 million, a P/E ratio of 14.31 and a beta of 1.65. The business’s 50 day moving average is $16.41 and its 200-day moving average is $15.51. NexPoint Real Estate Finance has a 12-month low of $12.63 and a 12-month high of $18.09.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in 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 worth $331,000 after purchasing an additional 814 shares during the period. Hsbc Holdings PLC lifted its stake in NexPoint Real Estate Finance by 20.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after acquiring an additional 2,740 shares in the last quarter. JPMorgan Chase & Co. boosted its position in NexPoint Real Estate Finance by 77.2% during 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 last quarter. State Street Corp grew its stake in shares of NexPoint Real Estate Finance by 4.0% during the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after acquiring an additional 5,875 shares in the last quarter. Finally, Copley Financial Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance in the third quarter valued at approximately $104,000. 67.79% of the stock is currently owned by institutional investors.

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.