Keefe, Bruyette & Woods Issues Pessimistic Forecast for NexPoint Real Estate Finance (NYSE:NREF) Stock Price

NexPoint Real Estate Finance (NYSE:NREF) had its target price dropped by analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 0.70% from the company’s current price.

NREF has been the subject of several other research reports. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Raymond James downgraded 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 Trading Up 2.8 %

Shares of NREF stock opened at $15.61 on Tuesday. The company has a market capitalization of $272.57 million, a P/E ratio of 14.87 and a beta of 1.65. NexPoint Real Estate Finance has a 12-month low of $12.63 and a 12-month high of $18.09. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $16.42 and a 200 day moving average price of $15.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted 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 valued at $2,371,000 after purchasing an additional 5,875 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of NexPoint Real Estate Finance by 22.9% in the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after buying an additional 13,020 shares during the period. Bank of New York Mellon Corp increased its position in shares of NexPoint Real Estate Finance by 3.5% during the second 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 in the last quarter. Barclays PLC raised its holdings in shares of NexPoint Real Estate Finance by 58.3% during the third quarter. Barclays PLC now owns 21,730 shares of the company’s stock worth $340,000 after acquiring an additional 8,002 shares during the period. Finally, Hsbc Holdings PLC lifted its position in NexPoint Real Estate Finance by 20.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock valued at $223,000 after acquiring an additional 2,740 shares in the last quarter. 67.79% of the stock is currently owned by 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.