NexPoint Real Estate Finance (NYSE:NREF) Updates Third Quarter 2022 Earnings Guidance

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NexPoint Real Estate Finance (NYSE:NREF – Get Rating) updated its earnings guidance for the third quarter of 2022 on Monday. The company provided earnings per share guidance of $0.39 to $0.49 for the period. , versus the consensus estimate of earnings per share of $0.48. The company released a revenue forecast of -.

NexPoint Real Estate Finance trades down 1.6%

Shares of NREF opened at $20.59 on Monday. The company has a current ratio of 596.11, a quick ratio of 596.11 and a debt ratio of 2.52. The company’s 50-day moving average is $21.44 and its two-hundred-day moving average is $21.89. NexPoint Real Estate Finance has a 12-month low of $17.96 and a 12-month high of $25.98. The company has a market capitalization of $300.37 million, a P/E ratio of 6.35 and a beta of 1.51.

Dividend announcement from NexPoint Real Estate Finance

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Thursday, September 15 will receive a dividend of $0.50. The ex-dividend date is Wednesday, September 14. This represents an annualized dividend of $2.00 and a dividend yield of 9.71%. NexPoint Real Estate Finance’s dividend payout ratio is currently 61.73%.

Insider activity

Separately, Chairman James D. Dondero purchased 1,132 shares of the company in a transaction that took place on Wednesday, July 6. The shares were purchased at an average price of $24.80 per share, for a total transaction of $28,073.60. Following completion of the transaction, the President now owns 6,161 shares of the company, valued at $152,792.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Separately, Chairman James D. Dondero purchased 5,029 shares of the company in a transaction on Thursday, June 16. The shares were purchased at an average price of $24.64 per share, with a total value of $123,914.56. Following the completion of the purchase, the president now directly owns 5,029 shares of the company, valued at approximately $123,914.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Additionally, Chairman James D. Dondero purchased 1,132 shares of the company in a transaction dated Wednesday, July 6. The shares were acquired at an average cost of $24.80 per share, for a total transaction of $28,073.60. Following the purchase, the president now owns 6,161 shares of the company, valued at approximately $152,792.80. Disclosure of this purchase can be found here. Insiders of the company hold 48.00% of the shares of the company.

Institutional investors weigh in on NexPoint Real Estate Finance

Major investors have recently increased or reduced their stake in the company. Penserra Capital Management LLC increased its equity stake in NexPoint Real Estate Finance by 28.8% in Q1. Penserra Capital Management LLC now owns 13,670 shares of the company valued at $308,000 after purchasing an additional 3,060 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings of NexPoint Real Estate Finance shares by 18.6% in Q1. Cambridge Investment Research Advisors Inc. now owns 34,272 shares of the company valued at $775,000 after purchasing an additional 5,379 shares during the period. Jane Street Group LLC increased its equity stake in NexPoint Real Estate Finance by 40.5% in Q1. Jane Street Group LLC now owns 21,557 shares of the company valued at $487,000 after purchasing an additional 6,219 shares during the period. JPMorgan Chase & Co. increased its equity stake in NexPoint Real Estate Finance by 509.3% in Q1. JPMorgan Chase & Co. now owns 9,798 shares of the company valued at $221,000 after purchasing an additional 8,190 shares during the period. Finally, Northern Trust Corp increased its position in NexPoint Real Estate Finance by 62.7% in the 1st quarter. Northern Trust Corp now owns 22,746 shares of the company valued at $514,000 after buying an additional 8,763 shares in the last quarter. 74.33% of the shares are held by institutional investors and hedge funds.

NexPoint Real Estate Finance Company Profile

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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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