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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.50 per share on Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 12.29%.

NexPoint Real Estate Finance has increased its dividend payment by an average of 6.4% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 91.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Up 0.8 %

Shares of NYSE:NREF opened at $16.27 on Thursday. The stock has a market capitalization of $284.09 million, a price-to-earnings ratio of 15.50 and a beta of 1.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30. The stock’s 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $15.80. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $18.09.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NREF shares. Keefe, Bruyette & Woods dropped their target price on NexPoint Real Estate Finance from $16.50 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th.

About NexPoint Real Estate Finance

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.