NexPoint Real Estate Finance (NYSE:NREF) Lifted to Hold at Zacks Investment Research
NexPoint Real Estate Financing (NYSE:NREF) was upgraded from a “sell” rating to a “hold” rating by Zacks Investment Research in a report published Tuesday, Zacks.com reports.
According to Zacks, “NexPoint Real Estate Finance Inc. is a real estate investment trust. It originates, structures and invests in first mortgage loans, mezzanine loans, preferred stock and alternative commercial real estate structured financing and commercial multi-family residential mortgage backed securities. NexPoint Real Estate Finance Inc. is based in DALLAS.”
Separately, Raymond James raised his target price on NexPoint Real Estate Finance to $23.00 from $22.50 and gave the company a “strong buy” rating in a report Tuesday, November 16.
NREF opened at $20.86 on Tuesday. The company has a debt to equity ratio of 3.85, a quick ratio of 904.42 and a current ratio of 904.42. NexPoint Real Estate Finance has a 52-week low of $15.61 and a 52-week high of $23.97. The company has a market cap of $191.12 million, a P/E of 4.82 and a beta of 2.10. The company’s 50-day moving average is $20.58 and its 200-day moving average is $20.61.
NexPoint Real Estate Finance (NYSE:NREF) last issued its earnings results on Thursday, November 4th. The company reported $0.71 per share for the quarter, beating the consensus estimate of $0.52 by $0.19. NexPoint Real Estate Finance had a net margin of 100.98% and a return on equity of 7.82%. In the same period last year, the company posted $0.52 per share. On average, research analysts are forecasting that NexPoint Real Estate Finance will post earnings per share of 2.04 for the current fiscal year.
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Several institutional investors and hedge funds have recently changed their positions in NREF. Millennium Management LLC acquired a new interest in NexPoint Real Estate Finance in Q3 for $2,270,000. 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 last quarter. Raymond James & Associates increased its ownership of NexPoint Real Estate Finance shares by 60.1% in 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 last quarter. Two Sigma Investments LP increased its stake in NexPoint Real Estate Finance by 42.0% in the third quarter. Two Sigma Investments LP now owns 107,862 shares of the company’s stock valued at $2,101,000 after purchasing an additional 31,889 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in NexPoint Real Estate Finance by 4,162.0% during the third quarter. Advisor Group Holdings Inc. now owns 26,893 shares of the company’s stock valued at $524,000 after purchasing an additional 26,262 shares last quarter. Institutional investors own 63.51% of the company’s shares.
NexPoint Real Estate Finance Company Profile
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, and multi-family commercial mortgage-backed securities.
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