NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.50 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Friday, March 13th.
NexPoint Real Estate Finance has increased its dividend payment by an average of 0.1%annually over the last three years. NexPoint Real Estate Finance has a payout ratio of 99.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect NexPoint Real Estate Finance to earn $2.22 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 90.1%.
NexPoint Real Estate Finance Stock Up 0.0%
Shares of NYSE NREF opened at $14.64 on Wednesday. NexPoint Real Estate Finance has a 12-month low of $12.14 and a 12-month high of $16.80. The company has a current ratio of 175.70, a quick ratio of 175.70 and a debt-to-equity ratio of 1.23. The stock has a market cap of $259.49 million, a PE ratio of 5.05 and a beta of 1.18. The company has a 50-day moving average of $14.64 and a 200 day moving average of $14.35.
Insider Buying and Selling at NexPoint Real Estate Finance
In other news, Director Brian Mitts sold 11,904 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $14.51, for a total value of $172,727.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 54.00% of the company’s stock.
Institutional Investors Weigh In On NexPoint Real Estate Finance
Several large investors have recently bought and sold shares of NREF. Nexpoint Asset Management L.P. increased its stake in shares of NexPoint Real Estate Finance by 9.9% during the fourth quarter. Nexpoint Asset Management L.P. now owns 9,439,635 shares of the company’s stock worth $132,910,000 after buying an additional 852,271 shares during the period. Copley Financial Group Inc. grew its holdings in NexPoint Real Estate Finance by 200.2% during the 3rd quarter. Copley Financial Group Inc. now owns 113,834 shares of the company’s stock worth $1,614,000 after acquiring an additional 75,918 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of NexPoint Real Estate Finance by 42.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 157,700 shares of the company’s stock valued at $2,220,000 after purchasing an additional 46,679 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of NexPoint Real Estate Finance by 43.5% in the 4th quarter. Ritholtz Wealth Management now owns 96,697 shares of the company’s stock valued at $1,361,000 after purchasing an additional 29,291 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of NexPoint Real Estate Finance in the 4th quarter valued at $316,000. Hedge funds and other institutional investors own 67.79% of the company’s stock.
About NexPoint Real Estate Finance
NexPoint Real Estate Finance, Inc is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.
Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.
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