NexPoint Real Estate Finance (NYSE:NREF - Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.400-0.500 for the period, compared to the consensus estimate of 0.440. The company issued revenue guidance of -.
NexPoint Real Estate Finance Stock Performance
Shares of NREF traded up $0.01 during mid-day trading on Friday, reaching $13.24. The company's stock had a trading volume of 31,146 shares, compared to its average volume of 38,425. The company has a current ratio of 460.31, a quick ratio of 460.31 and a debt-to-equity ratio of 2.78. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $17.84. The business has a 50-day simple moving average of $13.59 and a two-hundred day simple moving average of $14.74. The stock has a market cap of $232.89 million, a P/E ratio of 20.37 and a beta of 1.61.
NexPoint Real Estate Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 15.11%. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Real Estate Finance's dividend payout ratio is presently 307.69%.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods lowered their target price on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a market perform rating on the stock in a report on Wednesday, April 10th.
View Our Latest Stock Analysis on NREF
NexPoint Real Estate Finance Company Profile
(
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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.
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