NexPoint Real Estate Finance’s (NREF) “Market Perform” Rating Reaffirmed at JMP Securities

NexPoint Real Estate Finance (NYSE:NREF)‘s stock had its “market perform” rating reiterated by investment analysts at JMP Securities in a report released on Friday,Benzinga reports.

Separately, Raymond James lowered NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 19th.

NexPoint Real Estate Finance Stock Down 1.4 %

Shares of NYSE NREF traded down $0.22 during mid-day trading on Friday, hitting $15.16. The company had a trading volume of 15,393 shares, compared to its average volume of 31,752. The company has a market capitalization of $264.71 million, a PE ratio of 14.44 and a beta of 1.65. The business’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $15.46. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $18.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of NexPoint Real Estate Finance by 58.3% in the 3rd quarter. Barclays PLC now owns 21,730 shares of the company’s stock valued at $340,000 after purchasing an additional 8,002 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in NexPoint Real Estate Finance by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock worth $331,000 after acquiring an additional 814 shares during the period. State Street Corp increased its holdings in shares of NexPoint Real Estate Finance by 4.0% during the 3rd quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after purchasing an additional 5,875 shares during the period. Penserra Capital Management LLC increased its holdings in shares of NexPoint Real Estate Finance by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock worth $1,092,000 after purchasing an additional 13,020 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of NexPoint Real Estate Finance by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after purchasing an additional 2,740 shares during the period. Institutional investors and hedge funds own 67.79% of the company’s stock.

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.