Wall Street brokerages expect NexPoint Real Estate Finance, Inc. (NYSE:NREF) to report earnings of $0.63 per share for the current quarter, Zacks reports. Two analysts have issued estimates for NexPoint Real Estate Finance’s earnings. NexPoint Real Estate Finance reported earnings of $0.37 per share in the same quarter last year, which indicates a positive year over year growth rate of 70.3%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, July 29th.
According to Zacks, analysts expect that NexPoint Real Estate Finance will report full year earnings of $2.44 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $2.54 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover NexPoint Real Estate Finance.
NexPoint Real Estate Finance (NYSE:NREF) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. NexPoint Real Estate Finance had a net margin of 112.18% and a return on equity of 15.38%.
Several large investors have recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of NexPoint Real Estate Finance by 25.6% in the first quarter. Stifel Financial Corp now owns 16,250 shares of the company’s stock valued at $302,000 after buying an additional 3,314 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of NexPoint Real Estate Finance by 24.1% in the first quarter. Renaissance Technologies LLC now owns 158,143 shares of the company’s stock valued at $2,938,000 after buying an additional 30,743 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NexPoint Real Estate Finance by 3.8% in the first quarter. Geode Capital Management LLC now owns 38,573 shares of the company’s stock valued at $716,000 after buying an additional 1,397 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of NexPoint Real Estate Finance in the first quarter valued at approximately $41,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in NexPoint Real Estate Finance in the first quarter valued at approximately $60,000. 39.48% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE NREF traded up $0.15 during midday trading on Friday, hitting $19.82. The company had a trading volume of 103 shares, compared to its average volume of 22,643. The company has a debt-to-equity ratio of 6.51, a current ratio of 889.18 and a quick ratio of 889.18. NexPoint Real Estate Finance has a twelve month low of $13.13 and a twelve month high of $21.72. The firm has a 50-day simple moving average of $20.36. The firm has a market cap of $104.65 million, a price-to-earnings ratio of 4.80 and a beta of 2.29.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend was Monday, June 14th. NexPoint Real Estate Finance’s payout ratio is currently 123.38%.
NexPoint Real Estate Finance Company Profile
NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.
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