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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced 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 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 tumble. Equities 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 Performance

Shares of NREF opened at $16.07 on Wednesday. The company has a 50-day simple moving average of $15.62 and a 200-day simple moving average of $15.88. NexPoint Real Estate Finance has a 52-week low of $12.63 and a 52-week high of $18.09. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $280.67 million, a PE ratio of 15.31 and a beta of 1.63.

NexPoint Real Estate Finance (NYSE:NREF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $11.38 million. Equities research analysts predict that NexPoint Real Estate Finance will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NREF. Keefe, Bruyette & Woods lifted their target price on shares of NexPoint Real Estate Finance from $15.50 to $16.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. JMP Securities restated 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.