NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) declared a quarterly dividend on Monday, April 27th. Investors of record on Monday, June 15th will be given a dividend of 0.50 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Monday, June 15th.
NexPoint Real Estate Finance has raised its dividend by an average of 0.1%annually over the last three years. 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 $1.73 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 115.6%.
NexPoint Real Estate Finance Stock Performance
NYSE NREF opened at $15.90 on Friday. The company has a quick ratio of 148.83, a current ratio of 148.83 and a debt-to-equity ratio of 1.29. NexPoint Real Estate Finance has a 52-week low of $12.36 and a 52-week high of $16.13. The business’s 50-day moving average price is $14.83 and its 200 day moving average price is $14.53. The firm has a market cap of $299.64 million, a P/E ratio of 6.07 and a beta of 1.12.
About NexPoint Real Estate Finance
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.
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