Short Interest in NexPoint Real Estate Finance, Inc. (NYSE:NREF) Declines By 44.6%
NexPoint Real Estate Finance, Inc. (NYSE:NREF) was the target of a sharp fall in short-term interest rates in December. As of December 31, there was short interest totaling 31,200 shares, down 44.6% from December 15 of a total of 56,300 shares. Based on an average daily volume of 53,900 shares, the short interest ratio is currently 0.6 days.
Several equity analysts recently rated NREF stock. Zacks Investment Research lowered NexPoint Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Saturday, November 20. Raymond James increased his target price on NexPoint Real Estate Finance to $23.00 from $22.50 and gave the stock a “strong buy” rating in a research report on Tuesday, November 16.
A number of institutional investors have recently changed their stock holdings. Raymond James & Associates increased its stake in NexPoint Real Estate Finance by 60.1% during the third quarter. Raymond James & Associates now owns 226,230 shares of the company’s stock valued at $4,407,000 after purchasing an additional 84,927 shares during the period. Renaissance Technologies LLC increased its stake in NexPoint Real Estate Finance by 13.8% in the second quarter. Renaissance Technologies LLC now owns 179,896 shares of the company’s stock valued at $3,758,000 after purchasing an additional 21,753 shares during the period. Marshall Wace LLP increased its stake in NexPoint Real Estate Finance by 847.8% during the third quarter. Marshall Wace LLP now owns 117,293 shares of the company’s stock valued at $2,285,000 after purchasing an additional 104,918 shares during the period. Millennium Management LLC acquired a new interest in NexPoint Real Estate Finance stock valued at approximately $2,270,000 during the third quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in NexPoint Real Estate Finance by 6.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 108,669 shares of the company’s stock valued at $2,117,000 after purchasing an additional 6,575 shares during the period. 63.51% of the shares are currently owned by institutional investors and hedge funds.
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Big Pharma, financial institutions and wealthy businessmen have all invested hundreds of millions in this company…
They make these big investments because it’s a huge opportunity.
NYSE:NREF shares rose $0.20 on Friday midday to hit $20.86. The company had a trading volume of 36,178 shares compared to an average volume of 68,165. NexPoint Real Estate Finance has a 12-month low of $15.61 and a 12-month high of $23.97. The company has a current ratio of 904.42, a quick ratio of 904.42 and a debt to equity ratio of 3.85. The stock has a market cap of $191.08 million, a price-to-earnings ratio of 4.82 and a beta of 2.10. The company has a 50-day simple moving average of $20.58 and a 200-day simple moving average of $20.61.
NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings results on Thursday, November 4th. The company reported earnings per share (EPS) of $0.71 for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.19. NexPoint Real Estate Finance had a return on equity of 7.82% and a net margin of 100.98%. In the same period last year, the company posted $0.52 per share. Equity analysts are forecasting that NexPoint Real Estate Finance will post 2.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 30th. A dividend of $0.475 per share was paid to investors of record on Wednesday December 15th. That equates to an annualized dividend of $1.90 and a yield of 9.11%. The ex-dividend date of this dividend was Tuesday December 14th. NexPoint Real Estate Finance’s payout ratio currently stands at 43.88%.
About NexPoint Real Estate Financing
NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring and investing in first mortgage loans, mezzanine loans, preferred stock and preferred stock, as well as multi-family commercial mortgage-backed securities.
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