Keefe, Bruyette & Woods Has Lowered Expectations for NexPoint Real Estate Finance (NYSE:NREF) Stock Price

NexPoint Real Estate Finance (NYSE:NREF) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 0.70% from the company’s previous close.

A number of other research firms also recently issued reports on NREF. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Raymond James downgraded NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 19th.

NexPoint Real Estate Finance Stock Performance

Shares of NREF opened at $15.61 on Tuesday. 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 has a 12 month low of $12.63 and a 12 month high of $18.09. The firm has a fifty day simple moving average of $16.42 and a 200 day simple moving average of $15.52. The stock has a market capitalization of $272.57 million, a price-to-earnings ratio of 14.87 and a beta of 1.65.

Institutional Investors Weigh In On NexPoint Real Estate Finance

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in NexPoint Real Estate Finance by 3.5% in the 2nd 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 in the last quarter. Hsbc Holdings PLC increased its stake 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 valued at $223,000 after buying an additional 2,740 shares during the period. Penserra Capital Management LLC raised its holdings in NexPoint Real Estate Finance by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after buying an additional 13,020 shares during the last quarter. State Street Corp raised 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 buying an additional 5,875 shares during the last quarter. Finally, Barclays PLC boosted its position in NexPoint Real Estate Finance by 58.3% during the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after buying an additional 8,002 shares during the period. Institutional investors and hedge funds own 67.79% of the company’s stock.

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.