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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.50 per share on Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 12.21%. The ex-dividend date is Friday, March 14th.

NexPoint Real Estate Finance has raised its dividend by an average of 6.4% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 91.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Trading Up 1.0 %

NREF stock opened at $16.37 on Friday. NexPoint Real Estate Finance has a twelve month low of $12.63 and a twelve month high of $18.09. The stock has a market capitalization of $285.91 million, a price-to-earnings ratio of 15.59 and a beta of 1.65. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71. The firm’s fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $15.80.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of NexPoint Real Estate Finance from $16.50 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Real Estate Finance in a research note on Friday, January 10th.

About NexPoint Real Estate Finance

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.