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) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Tuesday, September 15th.
NexPoint Real Estate Finance has increased its dividend payment by an average of 0.1%per year over the last three years. NexPoint Real Estate Finance has a dividend 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 fall. Equities analysts expect NexPoint Real Estate Finance to earn $1.68 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 119.0%.
NexPoint Real Estate Finance Stock Up 0.1%
Shares of NREF opened at $17.34 on Friday. NexPoint Real Estate Finance has a 52 week low of $12.36 and a 52 week high of $18.43. The stock has a fifty day moving average of $17.03 and a 200-day moving average of $15.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 163.94 and a current ratio of 163.94. The stock has a market capitalization of $326.76 million, a price-to-earnings ratio of 7.31 and a beta of 1.10.
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.
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