NexPoint Real Estate Finance, Inc. (NYSE:NREF) to Issue $0.50 Quarterly Dividend

NexPoint Real Estate Finance, Inc. (NYSE:NREFGet Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.50 per share on Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 14.05%. The ex-dividend date is Friday, December 13th.

NexPoint Real Estate Finance has raised its dividend payment by an average of 12.1% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 97.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect NexPoint Real Estate Finance to earn $1.87 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 107.0%.

NexPoint Real Estate Finance Stock Down 0.6 %

NYSE NREF opened at $14.24 on Thursday. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $17.25. The company has a quick ratio of 374.23, a current ratio of 374.23 and a debt-to-equity ratio of 1.76. The business’s fifty day simple moving average is $15.56 and its 200-day simple moving average is $14.48. The firm has a market cap of $248.56 million, a PE ratio of -27.91 and a beta of 1.61.

NexPoint Real Estate Finance (NYSE:NREFGet Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.38 by $0.25. The company had revenue of $18.23 million for the quarter, compared to analysts’ expectations of $3.39 million. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities analysts anticipate that NexPoint Real Estate Finance will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 19th.

Read Our Latest Report on NexPoint Real Estate Finance

About NexPoint Real Estate Finance

(Get Free Report)

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.

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Dividend History for NexPoint Real Estate Finance (NYSE:NREF)

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