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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) declared a quarterly dividend on Tuesday, April 29th, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.50 per share on Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date of this dividend is Friday, June 13th.

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 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 Trading Up 1.1%

Shares of NYSE:NREF opened at $15.54 on Wednesday. NexPoint Real Estate Finance has a 1 year low of $12.14 and a 1 year high of $18.09. The firm has a market capitalization of $275.19 million, a price-to-earnings ratio of 14.80 and a beta of 1.21. The company has a debt-to-equity ratio of 1.71, a current ratio of 280.30 and a quick ratio of 280.30. The business’s 50 day moving average price is $14.31 and its 200-day moving average price is $15.37.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their target price on NexPoint Real Estate Finance from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Friday, May 2nd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NexPoint Real Estate Finance stock. Strs Ohio bought a new position in shares of NexPoint Real Estate Finance, Inc. (NYSE:NREF) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,700 shares of the company’s stock, valued at approximately $26,000. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

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.