NexPoint Real Estate Finance price target lowered to $15 from $16 at Piper Sandler

Piper Sandler lowered the firm’s price target on NexPoint Real Estate Finance (NREF) to $15 from $16 and keeps a Neutral rating on the shares. The firm notes NexPoint posted an in-line quarter, but guidance implies lower forward estimates. After three quarters of handily covering the dividend, core earnings haven’t covered the dividend for two consecutive quarters and Q3 2025 guidance implies that this will likely occur again, adds Piper.