Matthew Goetz Acquires 4,900 Shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF)

NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) expert Matthew Goetz purchased 4,900 shares of the company in a transaction that occurred on Friday, October 7. The shares were purchased at an average cost of $15.56 per share, with a total value of $76,244.00. Following the acquisition, the informant now owns 67,507 shares of the company, valued at approximately $1,050,408.92. The purchase was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link.

Matthew Goetz also recently made the following trades:

  • On Friday, October 7, Matthew Goetz purchased 4,900 shares of NexPoint Real Estate Finance. The shares were purchased at an average cost of $15.56 per share, with a total value of $76,244.00.

NexPoint Real Estate Finance trading fell 5.4%

NREF opened at $14.85 on Tuesday. NexPoint Real Estate Finance, Inc. has a 52-week minimum of $14.16 and a 52-week maximum of $25.98. The company has a fifty-day simple moving average of $19.64 and a 200-day simple moving average of $21.48. The company has a market cap of $222.01 million, a P/E ratio of 4.58, and a beta of 1.63. The company has a quick ratio of 596.11, a current ratio of 596.11, and a debt-to-equity ratio of 2.52.

NexPoint Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Thursday, September 15 received a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 14. This represents an annualized dividend of $2.00 and a dividend yield of 13.47%. NexPoint Real Estate Finance’s dividend payout ratio is currently 61.73%.

Wall Street analysts forecast growth

Separately, JMP Securities began coverage of NexPoint Real Estate Finance in a research note on Thursday, September 29. They establish a “market performance” rating for the company.

Institutional entrances and exits

Several hedge funds and other institutional investors have recently changed their holdings in the company. Cambridge Investment Research Advisors Inc. increased its holdings in NexPoint Real Estate Finance by 12.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,500 shares of the company valued at $780,000 after purchasing an additional 4,228 shares during the period. Sciencast Management LP purchased a new position in NexPoint Real Estate Finance in the first quarter valued at $212,000. Dorsey Wright & Associates purchased a new position in NexPoint Real Estate Finance in the second quarter valued at $35,000. Raymond James Financial Services Advisors Inc. increased its holdings in NexPoint Real Estate Finance by 9.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 132,947 shares of the company valued at $3,005,000 after purchasing an additional 11,312 shares during the period. Lastly, Acadian Asset Management LLC increased its holdings in NexPoint Real Estate Finance by 3,211.2% in the first quarter. Acadian Asset Management LLC now owns 38,476 shares of the company valued at $868,000 after purchasing an additional 37,314 shares during the period. Currently, 66.76% of the shares belong to hedge funds and other institutional investors.

NexPoint Real Estate Finance Company Profile

(Get rating)

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

See also

Insider trading by quarter for NexPoint Real Estate Finance (NYSE:NREF)

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