NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.50 per share on Thursday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Tuesday, December 15th.
NexPoint Real Estate Finance has increased its dividend by an average of 0.1% per year over the last three years. NexPoint Real Estate Finance has a dividend 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 fall. Analysts expect NexPoint Real Estate Finance to earn $1.67 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 119.8%.
NexPoint Real Estate Finance Stock Performance
Shares of NREF stock opened at $15.47 on Wednesday. The firm has a fifty day simple moving average of $16.32 and a 200-day simple moving average of $15.39. NexPoint Real Estate Finance has a twelve month low of $12.36 and a twelve month high of $18.43.
NexPoint Real Estate Finance Company Profile
NexPoint Real Estate Finance, Inc (NYSE:NREF) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on generating income through investments in commercial real estate debt and related credit instruments rather than directly operating properties.
Its investment activities have included transitional mortgage loans, senior and subordinate loans, mezzanine loans, preferred equity investments, and commercial mortgage-backed securities. NexPoint Real Estate Finance has emphasized lending and investment opportunities tied primarily to multifamily and other commercial real estate assets in the United States.
The company was formed in 2015 and became a publicly traded company in 2020.
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