Insider Buying: NexPoint Real Estate Finance, Inc. (NYSE: NREF) Chairman Buys 730 Shares

NexPoint Real Estate Finance, Inc. (NYSE: NREF – Get a rating) Chairman James D. Dondero purchased 730 shares of the company in a transaction on Monday, September 19. The shares were purchased at an average cost of $23.75 per share, with a total value of $17,337.50. Following the completion of the acquisition, the president now owns 17,987 shares of the company, valued at $427,191.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NexPoint Home Finance Price Performance

Shares of NexPoint Real Estate Finance were up $0.02 on Tuesday, hitting $19.62. 41,531 shares of the company were traded, against an average volume of 71,556. The company’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $22.04. The company has a current ratio of 596.11, a quick ratio of 596.11 and a debt ratio of 2.52. The company has a market capitalization of $293.32 million, a P/E ratio of 6.05 and a beta of 1.49. NexPoint Real Estate Finance, Inc. has a 12-month low of $17.96 and a 12-month high of $25.98.

NexPoint Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Investors of record on Thursday, September 15 will receive a dividend of $0.50. This represents a dividend of $2.00 on an annualized basis and a yield of 10.19%. The ex-dividend date is Wednesday, September 14. NexPoint Real Estate Finance’s payout ratio is currently 61.73%.

Hedge funds weigh on NexPoint Real Estate Finance

A number of large investors have recently increased or reduced their stake in NREF. Sciencast Management LP bought a new position in NexPoint Real Estate Finance in Q1 worth $212,000. Monarch Partners Asset Management LLC raised its position in NexPoint Real Estate Finance by 70.7% in Q1. Monarch Partners Asset Management LLC now owns 146,496 shares of the company worth $3,311,000 after purchasing an additional 60,696 shares during the period. JPMorgan Chase & Co. increased its position in NexPoint Real Estate Finance by 509.3% in the 1st quarter. JPMorgan Chase & Co. now owns 9,798 shares of the company worth $221,000 after purchasing an additional 8,190 shares during the period. Raymond James & Associates raised its position in NexPoint Real Estate Finance by 15.5% in the first quarter. Raymond James & Associates now owns 208,390 shares of the company worth $4,710,000 after purchasing an additional 27,977 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in NexPoint Real Estate Finance by 9.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 132,947 shares of the company worth $3,005,000 after purchasing an additional 11,312 shares during the period. Hedge funds and other institutional investors own 66.76% of the company’s shares.

NexPoint Real Estate Finance Company Profile

(Get a 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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.

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