NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.50 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, September 15th.
NexPoint Real Estate Finance has raised its dividend payment by an average of 0.1%per year 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. Analysts expect NexPoint Real Estate Finance to earn $1.74 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 114.9%.
NexPoint Real Estate Finance Stock Performance
NYSE:NREF remained flat at $17.13 during mid-day trading on Wednesday. The company’s stock had a trading volume of 3,723 shares, compared to its average volume of 57,234. The stock has a market capitalization of $322.90 million, a price-to-earnings ratio of 6.54 and a beta of 1.11. The company has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $14.87. The company has a current ratio of 148.83, a quick ratio of 148.83 and a debt-to-equity ratio of 1.29. NexPoint Real Estate Finance has a 1 year low of $12.36 and a 1 year high of $17.44.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NREF shares. Zacks Research raised NexPoint Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Piper Sandler raised their target price on shares of NexPoint Real Estate Finance from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded NexPoint Real Estate Finance from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on NexPoint Real Estate Finance from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NexPoint Real Estate Finance currently has an average rating of “Hold” and an average price target of $15.50.
Read Our Latest Analysis on NREF
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.
Further Reading
- Five stocks we like better than NexPoint Real Estate Finance
- 3 Unique AI Software Plays With Strong Analyst Support
- Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobile
- NVIDIA’s OpenAI Backstop Puts AI Financing Risk in Focus
- UPS Just Gave Investors a Second Chance to Buy
Receive News & Ratings for NexPoint Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.
