Copley Financial Group Inc. Purchases Shares of 6,654 NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Copley Financial Group Inc. bought a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 6,654 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NREF. Vanguard Group Inc. increased its holdings in shares of NexPoint Real Estate Finance by 0.8% in the first quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock valued at $6,122,000 after purchasing an additional 3,419 shares in the last quarter. Raymond James & Associates increased its stake in shares of NexPoint Real Estate Finance by 6.3% in the 2nd quarter. Raymond James & Associates now owns 310,583 shares of the company’s stock valued at $4,261,000 after buying an additional 18,334 shares during the period. State Street Corp raised its position in shares of NexPoint Real Estate Finance by 4.0% during the third quarter. State Street Corp now owns 151,696 shares of the company’s stock worth $2,371,000 after acquiring an additional 5,875 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of NexPoint Real Estate Finance by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,923 shares of the company’s stock valued at $1,092,000 after acquiring an additional 13,020 shares during the period. Finally, BOKF NA boosted its holdings in NexPoint Real Estate Finance by 7.4% in the second quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after acquiring an additional 4,649 shares during the last quarter. Institutional investors own 67.79% of the company’s stock.

Analysts Set New Price Targets

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

NexPoint Real Estate Finance Trading Down 0.1 %

Shares of NexPoint Real Estate Finance stock traded down $0.01 during trading on Friday, reaching $16.96. 10,180 shares of the company were exchanged, compared to its average volume of 39,957. NexPoint Real Estate Finance, Inc. has a twelve month low of $12.63 and a twelve month high of $18.09. The business has a 50-day moving average price of $16.10 and a 200-day moving average price of $15.20. 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 market capitalization of $296.12 million, a price-to-earnings ratio of 16.62 and a beta of 1.64.

NexPoint Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Real Estate Finance’s dividend payout ratio is currently 190.48%.

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.