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

NexPoint Real Estate Finance (NYSE:NREF) had its price target dropped 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 objective would suggest a potential upside of 5.98% from the company’s previous close.

Separately, Keefe, Bruyette & Woods cut their price target on NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th.

NexPoint Real Estate Finance Price Performance

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

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in NexPoint Real Estate Finance by 38.9% during the third quarter. Nisa Investment Advisors LLC now owns 6,247 shares of the company’s stock valued at $102,000 after purchasing an additional 1,750 shares during the period. Barclays PLC grew its stake in shares of NexPoint Real Estate Finance by 90.3% during the third quarter. Barclays PLC now owns 9,083 shares of the company’s stock valued at $149,000 after buying an additional 4,309 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of NexPoint Real Estate Finance during the third quarter valued at approximately $182,000. Atria Wealth Solutions Inc. grew its stake in NexPoint Real Estate Finance by 33.3% in the third quarter. Atria Wealth Solutions Inc. now owns 22,143 shares of the company’s stock worth $362,000 after purchasing an additional 5,532 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in NexPoint Real Estate Finance by 39.1% in the third quarter. Acadian Asset Management LLC now owns 111,731 shares of the company’s stock worth $1,826,000 after purchasing an additional 31,400 shares in the last quarter. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

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.