NexPoint Real Estate Finance (NYSE:NREF) Issues Quarterly Earnings Results

NexPoint Real Estate Finance (NYSE:NREF) announced its quarterly earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25, Zacks reports. The company had revenue of $18.23 million for the quarter, compared to analysts’ expectations of $3.39 million. NexPoint Real Estate Finance had a net margin of 23.44% and a return on equity of 7.09%. During the same quarter in the previous year, the business posted $0.41 EPS. NexPoint Real Estate Finance updated its Q3 2024 guidance to 0.450-0.550 EPS.

NexPoint Real Estate Finance Price Performance

NREF traded down $0.19 during trading on Friday, reaching $14.10. The company had a trading volume of 17,576 shares, compared to its average volume of 36,295. The business has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $13.98. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $17.84. The company has a quick ratio of 296.17, a current ratio of 296.17 and a debt-to-equity ratio of 1.52.

NexPoint Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 14.18%. NexPoint Real Estate Finance’s dividend payout ratio is presently -363.64%.

Wall Street Analyst Weigh In

NREF has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of NexPoint Real Estate Finance from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Tuesday, May 7th. Piper Sandler dropped their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, May 6th.

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.