NexPoint Real Estate Finance’s Lock-Up Period Will End on August 5th (NASDAQ:ONEW)

NexPoint Real Estate Finance’s (NASDAQ:ONEW) lock-up period will end on Wednesday, August 5th. NexPoint Real Estate Finance had issued 4,615,385 shares in its IPO on February 7th. The total size of the offering was $55,384,620 based on an initial share price of $12.00. After the end of NexPoint Real Estate Finance’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

ONEW has been the topic of a number of recent research reports. ValuEngine raised NexPoint Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. Raymond James increased their target price on NexPoint Real Estate Finance from $23.50 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. SunTrust Banks increased their target price on NexPoint Real Estate Finance from $7.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Zacks Investment Research raised NexPoint Real Estate Finance from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, June 4th. Finally, Robert W. Baird downgraded NexPoint Real Estate Finance from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Monday, April 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.00.

Shares of NASDAQ:ONEW opened at $25.00 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.16 and a current ratio of 1.17. NexPoint Real Estate Finance has a 1 year low of $3.41 and a 1 year high of $30.00. The firm’s fifty day simple moving average is $23.31.

NexPoint Real Estate Finance (NASDAQ:ONEW) last posted its earnings results on Thursday, July 30th. The company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $1.40. The firm had revenue of $408.27 million during the quarter, compared to the consensus estimate of $313.01 million. On average, research analysts predict that NexPoint Real Estate Finance will post 1.33 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley bought a new position in NexPoint Real Estate Finance in the first quarter valued at about $28,000. Wells Fargo & Company MN purchased a new stake in NexPoint Real Estate Finance in the first quarter worth about $60,000. JPMorgan Chase & Co. purchased a new stake in NexPoint Real Estate Finance in the first quarter worth about $69,000. Baird Financial Group Inc. purchased a new stake in NexPoint Real Estate Finance in the first quarter worth about $256,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of NexPoint Real Estate Finance during the first quarter worth about $352,000. 29.32% of the stock is currently owned by institutional investors.

NexPoint Real Estate Finance Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

Further Reading: Capital Gains Distribution

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