NexPoint Real Estate Finance (NYSE:NREF) Given New $15.00 Price Target at Keefe, Bruyette & Woods

NexPoint Real Estate Finance (NYSE:NREF) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $16.00 to $15.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.86% from the company’s previous close.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a report on Friday, January 10th.

NexPoint Real Estate Finance Stock Performance

Shares of NREF opened at $13.78 on Monday. The stock has a 50-day moving average of $15.66 and a two-hundred day moving average of $15.78. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The stock has a market cap of $243.12 million, a P/E ratio of 13.12 and a beta of 1.34. NexPoint Real Estate Finance has a one year low of $12.63 and a one year high of $18.09.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Thursday, February 27th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $21.69 million for the quarter, compared to analyst estimates of $11.38 million. As a group, research analysts predict that NexPoint Real Estate Finance will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of NexPoint Real Estate Finance by 37.6% in the fourth quarter. Millennium Management LLC now owns 200,086 shares of the company’s stock valued at $3,139,000 after purchasing an additional 54,693 shares during the last quarter. Corton Capital Inc. acquired a new position in shares of NexPoint Real Estate Finance during the 4th quarter valued at about $370,000. Cubist Systematic Strategies LLC purchased a new stake in shares of NexPoint Real Estate Finance in the fourth quarter valued at about $186,000. Bank of America Corp DE boosted its holdings in NexPoint Real Estate Finance by 10.2% in the 4th quarter. Bank of America Corp DE now owns 26,454 shares of the company’s stock valued at $415,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of NexPoint Real Estate Finance by 101.9% in the 4th quarter. Jane Street Group LLC now owns 24,274 shares of the company’s stock valued at $381,000 after buying an additional 12,251 shares during the period. 67.79% of the stock is owned by hedge funds and other institutional investors.

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.