NexPoint Real Estate Finance, Inc. (NYSE:NREF) Brief Interest Update

NexPoint Real Estate Finance, Inc. (NYSE: NREF – Get a rating) saw a sharp drop in short-term interest rates in June. As of June 30, there was short interest totaling 208,900 shares, down 23.7% from the June 15 total of 273,700 shares. Based on an average trading volume of 108,000 shares, the day-to-cover ratio is currently 1.9 days.

Insider Trading at NexPoint Real Estate Finance

Separately, Chairman James D. Dondero purchased 1,132 shares of the company in a trade on Wednesday, July 6. The shares were purchased at an average price of $24.80 per share, with a total value of $28,073.60. Following the acquisition, the president now directly owns 6,161 shares of the company, valued at approximately $152,792.80. The purchase was disclosed in a document filed with the SEC, accessible via this link. Separately, Chairman James D. Dondero purchased 5,029 shares of the company in a transaction dated Thursday, June 16. The shares were acquired at an average cost of $24.64 per share, with a total value of $123,914.56. Following the acquisition, the president now owns 5,029 shares of the company, valued at approximately $123,914.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, Chairman James D. Dondero purchased 1,132 shares of the company in a transaction dated Wednesday, July 6. The stock was purchased at an average cost of $24.80 per share, with a total value of $28,073.60. Following the completion of the acquisition, the president now owns 6,161 shares of the company, valued at approximately $152,792.80. Disclosure of this purchase can be found here. 48.00% of the shares are currently held by insiders.

Hedge funds weigh on NexPoint Real Estate Finance

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Several hedge funds have recently changed their stock holdings. Cambridge Investment Research Advisors Inc. increased its holdings in NexPoint Real Estate Finance by 12.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,500 shares of the company worth $780,000 after purchasing an additional 4,228 shares during the period. Jane Street Group LLC increased its holdings of NexPoint Real Estate Finance shares by 40.5% during the first quarter. Jane Street Group LLC now owns 21,557 shares of the company worth $487,000 after acquiring an additional 6,219 shares during the period. Highland Capital Management Fund Advisors LP increased its holdings of NexPoint Real Estate Finance shares by 283.6% in the first quarter. Highland Capital Management Fund Advisors LP now owns 6,458,211 shares of the company worth $145,956,000 after acquiring an additional 4,774,626 shares during the period. Goldman Sachs Group Inc. acquired a new equity stake in NexPoint Real Estate Finance in the first quarter, valued at approximately $393,000. Finally, State Street Corp increased its position in NexPoint Real Estate Finance shares by 122.1% in the first quarter. State Street Corp now owns 36,720 shares of the company valued at $830,000 after buying an additional 20,190 shares last quarter. Institutional investors hold 74.33% of the company’s shares.

NexPoint Real Estate Finance trades up 1.2%

The NREF rose $0.25 during midday trading on Tuesday, hitting $21.25. The stock had a trading volume of 1,709 shares, compared to an average volume of 115,864. The stock has a market capitalization of $310.04 million, a P/E ratio of 6.10 and a beta of 1.59. The company has a debt ratio of 2.60, a quick ratio of 551.26 and a current ratio of 551.26. The company’s fifty-day simple moving average is $22.29 and its two-hundred-day simple moving average is $21.80. NexPoint Real Estate Finance has a 52 week low of $17.96 and a 52 week high of $25.98.

NexPoint Real Estate Financing (NYSE: NREF – Get a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $1.23 for the quarter, beating consensus analyst estimates of $1.13 by $0.10. NexPoint Real Estate Finance achieved a return on equity of 15.94% and a net margin of 61.05%. During the same period of the previous year, the company posted EPS of $0.53. On average, equity analysts expect NexPoint Real Estate Finance to post an EPS of 2.62 for the current year.

Dividend announcement from NexPoint Real Estate Finance

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.50. This represents an annualized dividend of $2.00 and a dividend yield of 9.41%. The ex-dividend date was Tuesday, June 14. NexPoint Real Estate Finance’s dividend payout ratio is 57.47%.

NexPoint Real Estate Finance Company Profile

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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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.

Further reading

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