NexPoint Real Estate Finance (NYSE:NREF) PT Lowered to $14.00

NexPoint Real Estate Finance (NYSE:NREF) had its price objective decreased by Piper Sandler from $16.00 to $14.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 4.56% from the company’s previous close.

Separately, Keefe, Bruyette & Woods dropped their price objective on NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th.

NexPoint Real Estate Finance Stock Up 1.8 %

NexPoint Real Estate Finance stock opened at $13.39 on Monday. The company has a debt-to-equity ratio of 2.78, a current ratio of 460.31 and a quick ratio of 460.31. The company’s 50-day moving average is $13.58 and its 200-day moving average is $14.70. The firm has a market capitalization of $235.53 million, a PE ratio of -24.35 and a beta of 1.61. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $17.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in NexPoint Real Estate Finance by 90.3% during the third quarter. Barclays PLC now owns 9,083 shares of the company’s stock worth $149,000 after acquiring an additional 4,309 shares during the last quarter. Raymond James & Associates grew its holdings in NexPoint Real Estate Finance by 9.8% in the 4th quarter. Raymond James & Associates now owns 236,087 shares of the company’s stock valued at $3,718,000 after buying an additional 21,025 shares in the last quarter. Hsbc Holdings PLC bought a new position in NexPoint Real Estate Finance during the 3rd quarter worth $182,000. Acadian Asset Management LLC lifted its holdings in shares of NexPoint Real Estate Finance by 39.1% during the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after buying an additional 31,400 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of NexPoint Real Estate Finance by 38.9% during the third quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock worth $102,000 after buying an additional 1,750 shares in the last quarter. 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.