NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) President James D. Dondero purchased 2,550 shares of NexPoint Real Estate Finance in a transaction on Tuesday, September 6. Shares were acquired at an average price of $23.80 per share and the total transaction value was $60,690.00. Following the closing of the acquisition, the President now directly owns 17,011 shares of the Company’s stock valued at approximately $404,861.80. The transaction was disclosed in filings with the Securities and Exchange Commission that can be accessed via this hyperlink.
NexPoint Real Estate Finance Stock up 1.6%
NYSE NREF shares climbed $0.33 in intraday trading on Friday to reach $20.92. 319 shares traded against an average volume of 32,928 shares. The company has a debt to equity ratio of 2.52, a quick ratio of 596.11 and a current ratio of 596.11. His 50-day moving average price for this stock is $21.09 and its 200-day moving average price is $22.06. NexPoint Real Estate Finance, Inc. has a 52-week low of $17.96 and a 52-week high of $25.98. The company has a market capitalization of $312.75 million, a price/earnings ratio of 6.35 and a beta of 1.49.
NexPoint Real Estate Finance Dividend Announcement
The company recently announced a quarterly dividend payable on Friday, September 30. Investors of record on Thursday, September 15 will receive a dividend of $0.50 per share. This represents his $2.00 dividend and his 9.56% yield on an annual basis. The ex-dividend date is Wednesday, September 14th. NexPoint Real Estate Finance’s Dividend Payout Ratio (DPR) is currently 61.73%.
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Recently, a number of hedge funds and other institutional investors have bought and sold shares of NREF. Advisor Group Holdings Inc. raised his stake in NexPoint Real Estate Finance by 36.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 36,783 shares worth $707,000 after he purchased an additional 9,890 shares last quarter. Raymond James Financial Services Advisors Inc. raised his stake in NexPoint Real Estate Finance by 11.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 121,635 shares of the company worth $2,341,000 after purchasing an additional 12,966 of his shares last quarter. Sciencast Management LP purchased a new stake in his NexPoint Real Estate Finance in the first quarter for approximately $212,000. Monarch Partners Asset Management LLC increased its stake in NexPoint Real Estate Finance by 70.7% in the first quarter. Monarch Partners Asset Management LLC now owns 146,496 shares worth $3,311,000 after purchasing an additional 60,696 shares during the previous quarter. Finally, JPMorgan Chase & Co. increased its stake in NexPoint Real Estate Finance by 509.3% in the first quarter. JPMorgan Chase now owns 9,798 shares worth $221,000 after purchasing an additional 8,190 shares during the previous quarter. Hedge funds and other institutional investors own 66.76% of the company’s shares.
NexPoint Real Estate Finance Company Profile
NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. The firm focuses on first mortgage loans, mezzanine loans, preferred stock, preferred stock originations, structuring and investments, and securitizations of multifamily commercial mortgage-backed securities.
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