NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.750-0.850 for the period, compared to the consensus EPS estimate of 0.490. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Separately, Raymond James downgraded shares of NexPoint Real Estate Finance from a "strong-buy" rating to a "market perform" rating in a report on Thursday, September 19th.
Read Our Latest Analysis on NexPoint Real Estate Finance
NexPoint Real Estate Finance Stock Up 6.6 %
NYSE NREF traded up $0.94 during trading hours on Thursday, reaching $15.15. 60,058 shares of the company's stock were exchanged, compared to its average volume of 39,430. NexPoint Real Estate Finance has a one year low of $12.63 and a one year high of $17.25. The company has a debt-to-equity ratio of 1.76, a quick ratio of 374.23 and a current ratio of 374.23. The company's 50-day moving average is $15.56 and its two-hundred day moving average is $14.48. The company has a market capitalization of $264.53 million, a price-to-earnings ratio of -29.71 and a beta of 1.61.
NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.25. The firm had revenue of $18.23 million during the quarter, compared to analyst estimates of $3.39 million. During the same period in the prior year, the company earned $0.41 earnings per share. On average, analysts forecast that NexPoint Real Estate Finance will post 0.97 EPS for the current fiscal year.
NexPoint Real Estate Finance Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 13.20%. NexPoint Real Estate Finance's dividend payout ratio is currently -392.16%.
NexPoint Real Estate Finance Company Profile
(
Get Free Report)
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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