NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 208,900 shares, a decrease of 23.7% from the June 15th total of 273,700 shares. Based on an average trading volume of 108,000 shares, the days-to-cover ratio is currently 1.9 days.
Insider Transactions at NexPoint Real Estate Finance
In other news, President James D. Dondero purchased 1,132 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was 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 in the company, valued at approximately $152,792.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President James D. Dondero bought 5,029 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was 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 in the company, valued at approximately $123,914.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President James D. Dondero bought 1,132 shares of the company’s stock in a transaction dated Wednesday, July 6th. The stock was bought 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 in the company, valued at approximately $152,792.80. The disclosure for this purchase can be found here. 48.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On NexPoint Real Estate Finance
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Several hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew 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’s stock worth $780,000 after purchasing an additional 4,228 shares during the period. Jane Street Group LLC boosted its holdings in shares of NexPoint Real Estate Finance by 40.5% during the first quarter. Jane Street Group LLC now owns 21,557 shares of the company’s stock worth $487,000 after acquiring an additional 6,219 shares during the period. Highland Capital Management Fund Advisors L.P. boosted its holdings in shares of NexPoint Real Estate Finance by 283.6% during the first quarter. Highland Capital Management Fund Advisors L.P. now owns 6,458,211 shares of the company’s stock worth $145,956,000 after acquiring an additional 4,774,626 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of NexPoint Real Estate Finance in the first quarter valued at approximately $393,000. Finally, State Street Corp raised its position in shares of NexPoint Real Estate Finance by 122.1% in the first quarter. State Street Corp now owns 36,720 shares of the company’s stock valued at $830,000 after buying an additional 20,190 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.
NexPoint Real Estate Finance Trading Up 1.2 %
NREF traded up $0.25 during mid-day trading on Tuesday, reaching $21.25. The stock had a trading volume of 1,709 shares, compared to its 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-to-equity ratio of 2.60, a quick ratio of 551.26 and a current ratio of 551.26. The firm’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 Finance (NYSE:NREF – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $0.53 EPS. On average, equities analysts predict that NexPoint Real Estate Finance will post 2.62 EPS for the current year.
NexPoint Real Estate Finance Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.41%. The ex-dividend date was Tuesday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is 57.47%.
NexPoint Real Estate Finance Company Profile
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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