NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 283,700 shares, a growth of 100.6% from the November 30th total of 141,400 shares. Based on an average trading volume of 59,400 shares, the short-interest ratio is currently 4.8 days.

NexPoint Real Estate Finance Stock Down 4.2 %

Shares of NYSE NREF opened at $15.68 on Thursday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 560.02 and a current ratio of 560.02. The firm has a market capitalization of $234.89 million, a price-to-earnings ratio of 10.25 and a beta of 1.61. The stock has a 50 day moving average price of $17.69 and a 200 day moving average price of $19.10. NexPoint Real Estate Finance has a 52-week low of $14.16 and a 52-week high of $25.98.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.00 dividend on an annualized basis and a yield of 12.76%. NexPoint Real Estate Finance’s dividend payout ratio is currently 130.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NREF shares. Piper Sandler started coverage on NexPoint Real Estate Finance in a research note on Monday, October 24th. They set a “neutral” rating on the stock. JMP Securities started coverage on NexPoint Real Estate Finance in a research note on Thursday, September 29th. They set a “market perform” rating on the stock. Finally, Raymond James reduced their price objective on NexPoint Real Estate Finance from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 18th.

Insider Activity

In other NexPoint Real Estate Finance news, General Counsel Dennis Charles Sauter, Jr. acquired 6,500 shares of the stock in a transaction dated Friday, October 7th. The shares were acquired at an average cost of $15.43 per share, for a total transaction of $100,295.00. Following the completion of the transaction, the general counsel now directly owns 10,724 shares of the company’s stock, valued at $165,471.32. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NexPoint Real Estate Finance news, General Counsel Dennis Charles Sauter, Jr. acquired 6,500 shares of the stock in a transaction dated Friday, October 7th. The shares were acquired at an average cost of $15.43 per share, for a total transaction of $100,295.00. Following the completion of the transaction, the general counsel now directly owns 10,724 shares of the company’s stock, valued at $165,471.32. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matt Mcgraner bought 10,000 shares of NexPoint Real Estate Finance stock in a transaction dated Wednesday, October 5th. The stock was purchased at an average cost of $15.44 per share, for a total transaction of $154,400.00. Following the completion of the acquisition, the insider now directly owns 84,763 shares of the company’s stock, valued at approximately $1,308,740.72. The disclosure for this purchase can be found here. Insiders have acquired 32,800 shares of company stock worth $507,478 over the last ninety days. Corporate insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On NexPoint Real Estate Finance

A number of large investors have recently made changes to their positions in NREF. SeaCrest Wealth Management LLC acquired a new position in shares of NexPoint Real Estate Finance during the second quarter worth $26,000. Tower Research Capital LLC TRC increased its position in shares of NexPoint Real Estate Finance by 110.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,120 shares of the company’s stock worth $31,000 after purchasing an additional 1,111 shares in the last quarter. Dorsey Wright & Associates acquired a new position in shares of NexPoint Real Estate Finance during the second quarter worth $35,000. Strs Ohio acquired a new position in shares of NexPoint Real Estate Finance in the 2nd quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of NexPoint Real Estate Finance in the 3rd quarter valued at $48,000. 65.41% of the stock is owned by institutional investors and hedge funds.

NexPoint Real Estate Finance Company Profile

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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 equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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