NexPoint Real Estate Finance, Inc. (NREF) to Issue Quarterly Dividend of $0.50 on March 31st

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.44%. The ex-dividend date of this dividend is Friday, March 14th.

NexPoint Real Estate Finance has raised its dividend by an average of 6.4% per year over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of NYSE NREF opened at $16.07 on Wednesday. The stock’s 50-day simple moving average is $15.62 and its 200-day simple moving average is $15.88. The firm has a market capitalization of $280.67 million, a PE ratio of 15.31 and a beta of 1.63. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $18.09. The company has a debt-to-equity ratio of 1.71, a quick ratio of 280.30 and a current ratio of 280.30.

NexPoint Real Estate Finance (NYSE:NREF) last posted its earnings results on Thursday, February 27th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $21.69 million for the quarter, compared to analyst estimates of $11.38 million. As a group, equities research analysts forecast that NexPoint Real Estate Finance will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of NexPoint Real Estate Finance in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on NexPoint Real Estate Finance from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd.

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.