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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.50 per share on Friday, June 28th. This represents a $2.00 annualized dividend and a dividend yield of 15.11%. The ex-dividend date of this dividend is Friday, June 14th.

NexPoint Real Estate Finance has increased its dividend by an average of 12.1% annually over the last three years and has increased its dividend every year for the last 1 years. NexPoint Real Estate Finance has a dividend payout ratio of 105.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NexPoint Real Estate Finance to earn $1.63 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 122.7%.

NexPoint Real Estate Finance Stock Performance

Shares of NREF stock traded up $0.01 during mid-day trading on Friday, reaching $13.24. The stock had a trading volume of 31,146 shares, compared to its average volume of 38,425. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $17.84. The firm has a market cap of $232.89 million, a price-to-earnings ratio of 20.37 and a beta of 1.61. The company has a current ratio of 460.31, a quick ratio of 460.31 and a debt-to-equity ratio of 2.78. The business’s fifty day moving average is $13.59 and its 200-day moving average is $14.74.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their target price on NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th.

NexPoint Real Estate Finance Company Profile

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.