NexPoint Real Estate Finance, Inc. (NYSE:NREF - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.50 per share on Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date of this dividend is Friday, December 13th.
NexPoint Real Estate Finance has raised its dividend payment by an average of 12.1% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 97.6% 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 $1.87 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 107.0%.
NexPoint Real Estate Finance Stock Performance
Shares of NexPoint Real Estate Finance stock traded up $0.94 during trading on Thursday, reaching $15.15. The company's stock had a trading volume of 60,058 shares, compared to its average volume of 39,430. The company has a 50-day moving average price of $15.56 and a two-hundred day moving average price of $14.48. The firm has a market cap of $264.53 million, a PE ratio of -29.71 and a beta of 1.61. NexPoint Real Estate Finance has a fifty-two week low of $12.63 and a fifty-two week high of $17.25. The company has a current ratio of 374.23, a quick ratio of 374.23 and a debt-to-equity ratio of 1.76.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.25. The business had revenue of $18.23 million during the quarter, compared to analyst estimates of $3.39 million. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts forecast that NexPoint Real Estate Finance will post 0.97 EPS for the current year.
Analyst Ratings Changes
Separately, Raymond James cut shares of NexPoint Real Estate Finance from a "strong-buy" rating to a "market perform" rating in a report on Thursday, September 19th.
Check Out Our Latest Stock Report on NexPoint Real Estate Finance
About NexPoint Real Estate Finance
(
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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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