NexPoint Real Estate Finance (NYSE:NREF) lifted to hold Zacks Investment Research

NexPoint Real Estate Financing (NYSE: NREF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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 structured finance in commercial real estate properties, as well as than multi-family commercial mortgages. NexPoint Real Estate Finance Inc. is based in DALLAS.”

Separately, Raymond James raised its price target on NexPoint Real Estate Finance from $22.50 to $23.00 and gave the company a “Strong Buy” rating in a Tuesday, November 16 report.

NREF opened at $20.86 on Tuesday. The company has a debt 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 capitalization of $191.12 million, a P/E ratio of 4.82 and a beta of 2.10. The company’s fifty-day moving average is $20.58 and its 200-day moving average is $20.61.

NexPoint Real Estate Finance (NYSE:NREF) last reported results on Thursday, November 4. The company reported EPS of $0.71 for the quarter, beating the consensus estimate of $0.52 by $0.19. NexPoint Real Estate Finance posted a net margin of 100.98% and a return on equity of 7.82%. During the same period last year, the company posted EPS of $0.52. On average, research analysts expect NexPoint Real Estate Finance to 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 stake in NexPoint Real Estate Finance during Q3 for a value of $2,270,000. Marshall Wace LLP increased its holdings of NexPoint Real Estate Finance shares by 847.8% during the third quarter. Marshall Wace LLP now owns 117,293 shares of the company worth $2,285,000 after purchasing an additional 104,918 shares in the last quarter. Raymond James & Associates increased its holdings of NexPoint Real Estate Finance shares by 60.1% during the third quarter. Raymond James & Associates now owns 226,230 shares of the company worth $4,407,000 after purchasing an additional 84,927 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of NexPoint Real Estate Finance by 42.0% in the third quarter. Two Sigma Investments LP now owns 107,862 shares of the company 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% in the third quarter. Advisor Group Holdings Inc. now owns 26,893 shares of the company valued at $524,000 after purchasing an additional 26,262 shares in the last quarter. Institutional investors hold 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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.

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