NexPoint Real Estate Finance (NREF) is expected to release quarterly results on Thursday

NexPoint Real Estate Financing (NYSE: NREF – Get a rating) is expected to announce results before the market opens on Thursday, October 27. Analysts expect the company to report earnings of $0.40 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

NexPoint Real Estate Finance Share down 3.8%

NexPoint Real Estate Finance stock opened at $15.59 on Thursday. The company has a quick ratio of 596.11, a current ratio of 596.11 and a debt ratio of 2.52. NexPoint Real Estate Finance has a 12-month low of $14.16 and a 12-month high of $25.98. The company’s fifty-day moving average is $18.97 and its 200-day moving average is $21.16. The company has a market capitalization of $233.07 million, a PE ratio of 4.81 and a beta of 1.63.

Dividend announcement from NexPoint Real Estate Finance

The company also recently announced a quarterly dividend, which was paid on Friday, September 30. Investors of record on Thursday, September 15 received a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 14. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 12.83%. NexPoint Real Estate Finance’s payout ratio is currently 61.73%.

Analysts set new price targets

Separately, JMP Securities launched coverage on NexPoint Real Estate Finance shares in a Thursday, September 29 research report. They set a “market performance” rating on the stock.

Insider Buying and Selling at NexPoint Real Estate Finance

In other news from NexPoint Real Estate Finance, General Counsel Dennis Charles Sauter, Jr. purchased 6,500 shares of the company in a transaction on Friday, October 7. The shares were acquired at an average price of $15.43 per share, for a total transaction of $100,295.00. Following the purchase, the General Counsel now owns 10,724 shares of the company, valued at approximately $165,471.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In other news, General Counsel Dennis Charles Sauter, Jr. purchased 6,500 shares of NexPoint Real Estate Finance in a transaction dated Friday, October 7. The shares were purchased at an average price of $15.43 per share, for a total transaction of $100,295.00. Following the purchase, the General Counsel now directly owns 10,724 shares of the company, valued at approximately $165,471.32. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, Chairman James D. Dondero purchased 4,802 shares of NexPoint Real Estate Finance in a transaction dated Wednesday, September 14. The shares were purchased at an average price of $23.90 per share, with a total value of $114,767.80. Following the purchase, the president now owns 17,526 shares of the company, valued at $418,871.40. Disclosure of this purchase can be found here. Over the past 90 days, insiders have purchased 55,003 shares of the company worth $1,034,304. 48.00% of the shares are held by insiders.

Hedge funds weigh on NexPoint Real Estate Finance

Hedge funds and other institutional investors have recently changed their positions in the stock. Penserra Capital Management LLC increased its holdings in NexPoint Real Estate Finance by 28.8% during the first quarter. Penserra Capital Management LLC now owns 13,670 shares of the company valued at $308,000 after purchasing an additional 3,060 shares in the last quarter. American International Group Inc. acquired a new stake in NexPoint Real Estate Finance in the 2nd quarter for a value of $74,000. UBS Group AG purchased a new equity stake in NexPoint Real Estate Finance in Q2 for approximately $82,000. Cambridge Investment Research Advisors Inc. increased its position in NexPoint Real Estate Finance by 18.6% in Q1. Cambridge Investment Research Advisors Inc. now owns 34,272 shares of the company valued at $775,000 after acquiring an additional 5,379 shares during the period. Finally, Jane Street Group LLC increased its stake in NexPoint Real Estate Finance by 40.5% in the first quarter. Jane Street Group LLC now owns 21,557 shares of the company worth $487,000 after purchasing an additional 6,219 shares in the last quarter. 66.76% of the shares are held by hedge funds and other institutional investors.

About NexPoint Real Estate Financing

(Get a rating)

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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.

Featured articles

Earnings History for NexPoint Real Estate Finance (NYSE:NREF)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider NexPoint Real Estate Finance, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and NexPoint Real Estate Finance was not on the list.

Although NexPoint Real Estate Finance currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here