Short Interest in NexPoint Real Estate Finance, Inc. (NYSE: NREF) Increases 93.5%
NexPoint Real Estate Finance, Inc. (NYSE: NREF) was the target of significant growth in overdraft interest during the month of December. As of December 15, there was short interest totaling 56,300 shares, an increase of 93.5% from the total of 29,100 shares as of November 30. Based on an average trading volume of 53,200 shares, the day / coverage ratio is currently 1.1 days.
Several institutional investors have recently increased or reduced their holdings in NREF. Millennium Management LLC purchased a new position in shares of NexPoint Real Estate Finance during the 3rd quarter valued at $ 2,270,000. Marshall Wace LLP increased its stake in NexPoint Real Estate Finance by 847.8% in the 3rd quarter. Marshall Wace LLP now owns 117,293 shares of the company valued at $ 2,285,000 after acquiring an additional 104,918 shares during the period. Raymond James & Associates increased its stake in NexPoint Real Estate Finance by 60.1% in the 3rd quarter. Raymond James & Associates now owns 226,230 shares of the company valued at $ 4,407,000 after acquiring an additional 84,927 shares during the period. Two Sigma Investments LP increased its stake in NexPoint Real Estate Finance by 42.0% in the 3rd quarter. Two Sigma Investments LP now owns 107,862 shares of the company valued at $ 2,101,000 after acquiring an additional 31,889 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in NexPoint Real Estate Finance by 4,162.0% in the third quarter. Advisor Group Holdings Inc. now owns 26,893 shares of the company valued at $ 524,000 after acquiring an additional 26,262 shares during the period. Institutional investors and hedge funds hold 70.72% of the shares of the company.
A number of brokerage firms have recently weighed in on NREF. Raymond James raised his target price for the shares of NexPoint Real Estate Finance from $ 22.50 to $ 23.00 and assigned the stock a “strong buy” rating in a report released on Tuesday, November 16. Zacks investment research downgraded shares of NexPoint Real Estate Finance from a “keep” rating to a “sell” rating in a research note on Saturday, November 20.
NYSE: NREF shares traded up $ 0.28 in Monday’s session, reaching $ 19.53. 52,337 shares of the company traded hands, up from its average volume of 50,162. The company has a fifty-day simple moving average of $ 20.70 and a 200-day simple moving average of $ 20.65. The company has a market cap of $ 178.93 million, a P / E ratio of 4.45 and a beta of 2.10. NexPoint Real Estate Finance has a one year minimum at $ 15.61 and a one year maximum at $ 23.97. The company has a rapid ratio of 904.42, a current ratio of 904.42 and a debt ratio of 3.85.
NexPoint Real Estate Finance (NYSE: NREF) last released its quarterly results on Thursday, November 4. The company reported earnings per share of $ 0.71 for the quarter, beating analyst consensus estimates of $ 0.52 by $ 0.19. NexPoint Real Estate Finance had a net margin of 100.98% and a return on equity of 7.82%. In the same quarter of the previous year, the company posted EPS of $ 0.52. As a group, research analysts predict that NexPoint Real Estate Finance will post 2.04 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 30. Shareholders of record on Wednesday, December 15, received a dividend of $ 0.475 per share. The ex-dividend date was Tuesday, December 14. This represents a dividend of $ 1.90 on an annualized basis and a dividend yield of 9.73%. NexPoint Real Estate Finance’s dividend payout ratio is currently 43.88%.
About NexPoint Real Estate Finance
NexPoint Real Estate Finance, Inc is a United States real estate finance company. She focuses on creating, structuring and investing in senior mortgages, mezzanine loans, preferred stocks and preferred stocks, as well as securitizations of multi-family commercial mortgage-backed securities.
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