Corton Capital Inc. Buys Shares of 23,583 NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Corton Capital Inc. purchased a new position in NexPoint Real Estate Finance, Inc. (NYSE:NREF) in the 4th quarter, Holdings Channel reports. The firm purchased 23,583 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NREF. Raymond James Financial Inc. bought a new position in NexPoint Real Estate Finance during the 4th quarter valued at about $5,208,000. Morey & Quinn Wealth Partners LLC bought a new position in NexPoint Real Estate Finance during the fourth quarter valued at approximately $622,000. Marshall Wace LLP purchased a new stake in NexPoint Real Estate Finance in the fourth quarter worth approximately $568,000. Concorde Asset Management LLC purchased a new stake in NexPoint Real Estate Finance in the fourth quarter worth approximately $249,000. Finally, Jane Street Group LLC grew its position in NexPoint Real Estate Finance by 101.9% in the 4th quarter. Jane Street Group LLC now owns 24,274 shares of the company’s stock worth $381,000 after purchasing an additional 12,251 shares during the period. 67.79% of the stock is owned by institutional investors.

NexPoint Real Estate Finance Trading Down 2.6 %

Shares of NREF stock opened at $14.19 on Tuesday. 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 has a market cap of $250.33 million, a price-to-earnings ratio of 13.51 and a beta of 1.33. NexPoint Real Estate Finance, Inc. has a 1 year low of $12.14 and a 1 year high of $18.09. The firm has a fifty day moving average price of $14.78 and a 200-day moving average price of $15.50.

NexPoint Real Estate Finance (NYSE:NREF) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $11.38 million. As a group, equities analysts predict that NexPoint Real Estate Finance, Inc. will post 1.48 earnings per share for the current year.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.10%. NexPoint Real Estate Finance’s payout ratio is currently 88.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th. Keefe, Bruyette & Woods cut their price target on NexPoint Real Estate Finance from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Friday.

NexPoint Real Estate Finance 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.