NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) declared a quarterly dividend on Tuesday, October 28th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.50 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Monday, December 15th.
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 tumble. 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 Down 0.7%
Shares of NREF traded down $0.11 during trading on Friday, reaching $15.01. The company’s stock had a trading volume of 104,285 shares, compared to its average volume of 52,153. NexPoint Real Estate Finance has a twelve month low of $12.14 and a twelve month high of $17.11. The company has a quick ratio of 175.70, a current ratio of 175.70 and a debt-to-equity ratio of 1.23. The company has a market cap of $265.92 million, a price-to-earnings ratio of 5.34 and a beta of 1.19. The company has a fifty day moving average of $13.92 and a two-hundred day moving average of $14.25.
Analyst Ratings Changes
Several research analysts have commented on NREF shares. Weiss Ratings restated a “hold (c-)” rating on shares of NexPoint Real Estate Finance in a research report on Monday. Wall Street Zen upgraded NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.75.
View Our Latest Research Report on NexPoint Real Estate Finance
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.
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