Piper Sandler Lowers NexPoint Real Estate Finance (NYSE:NREF) Price Target to $14.00

NexPoint Real Estate Finance (NYSE:NREF) had its price target cut by investment analysts at Piper Sandler from $16.00 to $14.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 5.98% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th.

NexPoint Real Estate Finance Stock Performance

Shares of NYSE NREF opened at $13.21 on Monday. The firm’s 50-day moving average price is $13.58 and its 200-day moving average price is $14.71. The company has a quick ratio of 460.31, a current ratio of 460.31 and a debt-to-equity ratio of 2.78. The company has a market cap of $232.36 million, a PE ratio of -24.02 and a beta of 1.61. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $17.84.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several institutional investors have recently made changes to their positions in NREF. Kennedy Capital Management LLC raised its stake in NexPoint Real Estate Finance by 11.1% during the 3rd quarter. Kennedy Capital Management LLC now owns 250,624 shares of the company’s stock worth $4,100,000 after acquiring an additional 25,058 shares during the period. Raymond James & Associates raised its stake in NexPoint Real Estate Finance by 9.8% during the 4th quarter. Raymond James & Associates now owns 236,087 shares of the company’s stock worth $3,718,000 after acquiring an additional 21,025 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in NexPoint Real Estate Finance by 21.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 224,320 shares of the company’s stock worth $3,670,000 after acquiring an additional 39,573 shares during the period. Acadian Asset Management LLC raised its stake in NexPoint Real Estate Finance by 39.1% during the 3rd quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after acquiring an additional 31,400 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in shares of NexPoint Real Estate Finance by 33.3% during the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock valued at $362,000 after buying an additional 5,532 shares during the last quarter. Institutional investors own 67.79% of the company’s stock.

NexPoint Real Estate Finance Company Profile

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.