Insider Buying: President of NexPoint Real Estate Finance, Inc. (NYSE:NREF) buys 5,029 shares

James D. Dondero, President of NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) acquired 5,029 shares of the stock in a transaction on Thursday, June 16. The stock was acquired at an average price of $24.64 per share for a total transaction of $123,914.56. Following the purchase, the President now directly owns 5,029 shares of the company’s stock valued at $123,914.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link.

NYSE:NREF shares rose $0.34 during Tuesday trading to hit $20.64. The company’s shares had a trading volume of 104,894 shares compared to an average volume of 69,919. NexPoint Real Estate Finance, Inc. has a 12-month low of $17.96 and a 12-month high of $25.98. The company has a market cap of $301.10 million, a price-to-earnings ratio of 6.01 and a beta of 1.56. The company has a 50-day moving average of $23.28 and a 200-day moving average of $21.70. The company has a debt to equity ratio of 2.60, a current ratio of 551.26 and a quick ratio of 551.26.

NexPoint Real Estate Finance (NYSE:NREF – Get Rating) last released its earnings results on Thursday, April 28th. The company reported earnings per share of $1.23 for the quarter, beating analyst consensus estimates of $1.13 by $0.10. NexPoint Real Estate Finance had a net margin of 61.05% and a return on equity of 15.94%. In the same quarter last year, the company posted $0.53 per share. As a group, research analysts expect NexPoint Real Estate Finance, Inc. to report year-to-date earnings per share of 2.62.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.50 per share. That equates to an annual dividend of $2.00 and a yield of 9.69%. The ex-dividend date is Tuesday 14th June. NexPoint Real Estate Finance’s payout percentage is 57.47%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highland Capital Management Fund Advisors LP increased its stake in NexPoint Real Estate Finance by 283.6% in the first quarter. Highland Capital Management Fund Advisors LP now owns 6,458,211 shares of the company’s stock valued at $145,956,000 after purchasing an additional 4,774,626 shares last quarter. Vanguard Group Inc. increased its stake in NexPoint Real Estate Finance by 28.6% in the first quarter. Vanguard Group Inc. now owns 354,696 shares of the company’s stock valued at $8,016,000 after purchasing an additional 78,938 shares last quarter. Raymond James & Associates increased its stake in NexPoint Real Estate Finance by 15.5% in the first quarter. Raymond James & Associates now owns 208,390 shares of the company’s stock valued at $4,710,000 after purchasing an additional 27,977 shares last quarter. Millennium Management LLC increased its stake in NexPoint Real Estate Finance by 26.3% during the fourth quarter. Millennium Management LLC now owns 147,193 shares of the company’s stock valued at $2,833,000 after purchasing an additional 30,654 shares last quarter. Finally, Monarch Partners Asset Management LLC increased its stake in NexPoint Real Estate Finance by 70.7% during the first quarter. Monarch Partners Asset Management LLC now owns 146,496 shares of the company’s stock valued at $3,311,000 after purchasing an additional 60,696 shares last quarter. Institutional investors own 74.33% of the company’s shares.

Separately, Raymond James increased his price target on shares of NexPoint Real Estate Finance to $24.00 from $23.00 and gave the stock a “strong buy” rating in a research note on Thursday, March 17.

NexPoint Real Estate Finance Company Profile (received 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, and multi-family commercial mortgage-backed securities.

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