Copley Financial Group Inc. Acquires Shares of 6,654 NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Copley Financial Group Inc. bought a new stake in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,654 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in NexPoint Real Estate Finance by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,113 shares of the company’s stock valued at $331,000 after purchasing an additional 814 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of NexPoint Real Estate Finance by 20.1% during the second quarter. Hsbc Holdings PLC now owns 16,377 shares of the company’s stock worth $223,000 after buying an additional 2,740 shares during the period. Vanguard Group Inc. increased its position in NexPoint Real Estate Finance by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 426,355 shares of the company’s stock valued at $6,122,000 after acquiring an additional 3,419 shares during the period. First Foundation Advisors increased its position in NexPoint Real Estate Finance by 39.8% in the 2nd quarter. First Foundation Advisors now owns 15,012 shares of the company’s stock valued at $206,000 after acquiring an additional 4,274 shares during the period. Finally, BOKF NA raised its stake in NexPoint Real Estate Finance by 7.4% during the 2nd quarter. BOKF NA now owns 67,525 shares of the company’s stock valued at $926,000 after acquiring an additional 4,649 shares in the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded shares of NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 19th.

NexPoint Real Estate Finance Stock Performance

NREF traded down $0.01 on Friday, hitting $16.96. The company had a trading volume of 10,180 shares, compared to its average volume of 39,957. NexPoint Real Estate Finance, Inc. has a 1-year low of $12.63 and a 1-year high of $18.09. The stock has a market cap of $296.12 million, a price-to-earnings ratio of 16.62 and a beta of 1.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The company’s fifty day moving average price is $16.10 and its 200 day moving average price is $15.20.

NexPoint Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 11.79%. NexPoint Real Estate Finance’s payout ratio is 190.48%.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc operates as a commercial mortgage real estate investment trust in the United States. It focuses on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments, as well as multifamily and single-family rental commercial mortgage-backed securities securitizations, multifamily structured credit risk notes, and mortgage-backed securities or target assets.