Zacks: NexPoint Real Estate Finance (NASDAQ:NREF) Given $17.00 Average Target Price by Brokerages
Shares of NexPoint Real Estate Finance (NASDAQ:NREF) have been given an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. NexPoint Real Estate Finance’s rating score has improved by 20.4% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $17.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned NexPoint Real Estate Finance an industry rank of 174 out of 254 based on the ratings given to its competitors.
NREF has been the topic of a number of research reports. Robert W. Baird reduced their price objective on NexPoint Real Estate Finance from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Raymond James raised NexPoint Real Estate Finance from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $16.00 to $18.00 in a research note on Thursday, May 21st. Zacks Investment Research downgraded NexPoint Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on NexPoint Real Estate Finance from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th.
Institutional investors have recently made changes to their positions in the business. Raymond James & Associates purchased a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $3,566,000. Alyeska Investment Group L.P. purchased a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $3,223,000. Nuveen Asset Management LLC purchased a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $3,191,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $1,721,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of NexPoint Real Estate Finance in the 1st quarter worth $642,000.
Shares of NREF traded up $0.12 during mid-day trading on Friday, reaching $16.71. The company had a trading volume of 18,802 shares, compared to its average volume of 62,139. The stock’s 50-day moving average is $14.75. NexPoint Real Estate Finance has a 52 week low of $6.34 and a 52 week high of $19.50.
NexPoint Real Estate Finance (NASDAQ:NREF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $3.23 million during the quarter, compared to the consensus estimate of $3.40 million.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.58%. The ex-dividend date is Friday, June 12th.
NexPoint Real Estate Finance Company Profile
NexPoint Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities securitizations.
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