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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.50 per share on Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 12.92%. The ex-dividend date of this dividend is Friday, December 13th.

NexPoint Real Estate Finance has raised its dividend by an average of 12.1% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Performance

NexPoint Real Estate Finance stock opened at $15.48 on Thursday. The company has a market cap of $270.30 million, a P/E ratio of -27.91 and a beta of 1.61. The firm’s 50 day simple moving average is $15.56 and its 200-day simple moving average is $14.48. The company has a debt-to-equity ratio of 1.76, a current ratio of 374.23 and a quick ratio of 374.23. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $17.25.

NexPoint Real Estate Finance (NYSE:NREF) 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 analyst estimates of $3.39 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, equities research analysts predict that NexPoint Real Estate Finance will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

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

NexPoint Real Estate Finance Company 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.