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

Key Points

• NexPoint Real Estate Finance, Inc. announced a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 13.63%.
• The company has a high payout ratio of 99.5%, indicating potential concerns about future earnings covering the dividend if declines occur.
• Market analysts have downgraded NexPoint's target price from $15.00 to $14.50, rating the stock as "market perform."

NexPoint Real Estate Finance, Inc. (NYSE:NREF - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, RTT News reports. Investors of record on Monday, September 15th will be given a dividend of 0.50 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 14.6%. The ex-dividend date of this dividend is Monday, September 15th.

NexPoint Real Estate Finance has a payout ratio of 99.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities research 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 Stock Down 1.1%

Shares of NexPoint Real Estate Finance stock traded down $0.15 during trading on Friday, reaching $13.66. The stock had a trading volume of 49,032 shares, compared to its average volume of 45,297. The company has a current ratio of 230.81, a quick ratio of 230.81 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $241.83 million, a price-to-earnings ratio of 5.67 and a beta of 1.22. The stock has a fifty day moving average price of $14.29 and a two-hundred day moving average price of $14.76. NexPoint Real Estate Finance has a 52 week low of $12.14 and a 52 week high of $18.09.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NREF. Wall Street Zen cut shares of NexPoint Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Saturday. Keefe, Bruyette & Woods dropped their price target on shares of NexPoint Real Estate Finance from $15.00 to $14.50 and set a "market perform" rating on the stock in a research report on Friday, May 2nd.

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.