Keefe, Bruyette & Woods Lowers NexPoint Real Estate Finance (NYSE:NREF) Price Target to $15.50

NexPoint Real Estate Finance (NYSE:NREF) had its target price decreased by analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.13% from the company’s previous close.

A number of other equities analysts also recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday. Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 19th.

NexPoint Real Estate Finance Price Performance

NYSE NREF traded up $0.02 during trading hours on Tuesday, hitting $15.03. 2,779 shares of the company’s stock traded hands, compared to its average volume of 34,172. The company has a market capitalization of $262.44 million, a PE ratio of 14.31 and a beta of 1.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $18.09. The firm’s 50-day moving average is $16.41 and its 200-day moving average is $15.51.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds have recently bought and sold shares of NREF. State Street Corp raised its holdings in NexPoint Real Estate Finance by 4.0% in the third quarter. State Street Corp now owns 151,696 shares of the company’s stock valued at $2,371,000 after acquiring an additional 5,875 shares in the last quarter. Penserra Capital Management LLC increased its stake 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 period. Bank of New York Mellon Corp lifted its position in NexPoint Real Estate Finance by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after purchasing an additional 814 shares during the period. Barclays PLC boosted its holdings in NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after purchasing an additional 2,740 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.