Insider Buying: NexPoint Real Estate Finance, Inc. (NYSE:NREF) President Acquires 5,029 Shares of Stock

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NexPoint Real Estate Finance, Inc. (NYSE:NREFGet Rating) President James D. Dondero acquired 5,029 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $24.64 per share, with a total value of $123,914.56. Following the completion of the acquisition, the president now directly owns 5,029 shares of the company’s stock, valued at $123,914.56. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

NREF traded up $0.34 on Tuesday, hitting $20.64. The company had a trading volume of 104,894 shares, compared to its average volume of 69,919. The stock has a fifty day moving average price of $23.28 and a 200-day moving average price of $21.70. NexPoint Real Estate Finance, Inc. has a 12-month low of $17.96 and a 12-month high of $25.98. The company has a debt-to-equity ratio of 2.60, a quick ratio of 551.26 and a current ratio of 551.26. The stock has a market capitalization of $301.10 million, a price-to-earnings ratio of 6.01 and a beta of 1.56.

NexPoint Real Estate Finance (NYSE:NREFGet Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. NexPoint Real Estate Finance had a return on equity of 15.94% and a net margin of 61.05%. During the same period last year, the firm earned $0.53 EPS. Analysts forecast that NexPoint Real Estate Finance, Inc. will post 2.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $2.00 annualized dividend and a yield of 9.69%. NexPoint Real Estate Finance’s dividend payout ratio (DPR) is presently 57.47%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP grew its stake in NexPoint Real Estate Finance by 30.6% in the third quarter. Two Sigma Advisers LP now owns 84,500 shares of the company’s stock valued at $1,646,000 after purchasing an additional 19,800 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of NexPoint Real Estate Finance by 36.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 36,783 shares of the company’s stock worth $707,000 after acquiring an additional 9,890 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of NexPoint Real Estate Finance by 22.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 28,893 shares of the company’s stock worth $556,000 after acquiring an additional 5,333 shares during the last quarter. Monarch Partners Asset Management LLC grew its stake in shares of NexPoint Real Estate Finance by 9.3% during the fourth quarter. Monarch Partners Asset Management LLC now owns 85,800 shares of the company’s stock worth $1,652,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of NexPoint Real Estate Finance by 3,211.2% during the first quarter. Acadian Asset Management LLC now owns 38,476 shares of the company’s stock worth $868,000 after acquiring an additional 37,314 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

Separately, Raymond James lifted their price objective on NexPoint Real Estate Finance from $23.00 to $24.00 and gave the company a “strong-buy” rating in a report on Thursday, March 17th.

NexPoint Real Estate Finance Company Profile (Get Rating)

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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