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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 13th will be given a dividend of 0.50 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Friday, March 13th.

NexPoint Real Estate Finance has a payout ratio of 99.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Performance

Shares of NREF stock traded down $0.11 during midday trading on Wednesday, hitting $14.60. 18,865 shares of the company were exchanged, compared to its average volume of 48,949. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $16.80. The firm has a market capitalization of $258.66 million, a P/E ratio of 5.20 and a beta of 1.19. The firm’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $14.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 175.70 and a current ratio of 175.70.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NREF. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NexPoint Real Estate Finance in a research report on Monday, December 29th. Keefe, Bruyette & Woods reduced their price target on NexPoint Real Estate Finance from $14.50 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, January 8th. Finally, Wall Street Zen raised NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NexPoint Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $14.50.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.

Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.