NexPoint Real Estate Finance, Inc. (NREF) To Go Ex-Dividend on June 14th

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.50 per share on Friday, June 28th. This represents a $2.00 annualized dividend and a yield of 15.11%. The ex-dividend date of this dividend is Friday, June 14th.

NexPoint Real Estate Finance has increased its dividend by an average of 12.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. NexPoint Real Estate Finance has a payout ratio of 105.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect NexPoint Real Estate Finance to earn $1.63 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 122.7%.

NexPoint Real Estate Finance Stock Up 0.1 %

NexPoint Real Estate Finance stock opened at $13.24 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 460.31 and a quick ratio of 460.31. The stock has a market capitalization of $232.89 million, a price-to-earnings ratio of -24.07 and a beta of 1.61. NexPoint Real Estate Finance has a 1-year low of $12.63 and a 1-year high of $17.84. The business has a fifty day moving average price of $13.58 and a 200-day moving average price of $14.72.

Wall Street Analysts Forecast Growth

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 for the company in a research note on Wednesday, April 10th.

NexPoint Real Estate Finance Company Profile

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.