NexPoint Real Estate Finance (NREF) Set to Announce Quarterly Earnings on Thursday

NexPoint Real Estate Finance logoNexPoint Real Estate Finance (NYSE:NREF – Get Rating) is scheduled to announce its earnings results before the market opens on Thursday, February 23rd. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors who wish to register for the company’s conference call can do so using this link.

NexPoint Real Estate Finance Stock Performance

Shares of NREF stock opened at $19.31 on Thursday. The firm has a market cap of $289.26 million, a price-to-earnings ratio of 12.62 and a beta of 1.67. The company has a debt-to-equity ratio of 2.61, a quick ratio of 560.02 and a current ratio of 560.02. NexPoint Real Estate Finance has a 52 week low of $14.16 and a 52 week high of $25.98. The firm’s 50-day simple moving average is $17.89 and its two-hundred day simple moving average is $18.42.

Analysts Set New Price Targets

Separately, Piper Sandler started coverage on shares of NexPoint Real Estate Finance in a research report on Monday, October 24th. They issued a “neutral” rating on the stock.

Insider Transactions at NexPoint Real Estate Finance

Want More Great Investment Ideas?

In other NexPoint Real Estate Finance news, insider Matt McGraner bought 5,000 shares of NexPoint Real Estate Finance stock in a transaction dated Monday, January 9th. The stock was purchased at an average price of $16.81 per share, for a total transaction of $84,050.00. Following the completion of the purchase, the insider now directly owns 99,763 shares of the company’s stock, valued at $1,677,016.03. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired 5,605 shares of company stock worth $95,893 over the last quarter. Corporate insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On NextPoint Real Estate Finance

Several large investors have recently modified their holdings of NREF. Tower Research Capital LLC TRC grew its stake in NexPoint Real Estate Finance by 110.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,120 shares of the company’s stock valued at $31,000 after acquiring an additional 1,111 shares in the last quarter. MetLife Investment Management LLC purchased a new position in NexPoint Real Estate Finance during the fourth quarter valued at approximately $68,000. American International Group Inc. purchased a new position in NexPoint Real Estate Finance during the second quarter valued at approximately $74,000. UBS Group AG purchased a new position in NexPoint Real Estate Finance during the second quarter valued at approximately $82,000. Finally, Bank of America Corp DE grew its stake in NexPoint Real Estate Finance by 368.4% during the fourth quarter. Bank of America Corp DE now owns 6,220 shares of the company’s stock valued at $99,000 after acquiring an additional 4,892 shares in the last quarter. Hedge funds and other institutional investors own 65.41% of the company’s stock.

About NexPoint Real Estate Finance

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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 equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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Earnings History for NexPoint Real Estate Finance (NYSE:NREF)

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