NexPoint Real Estate Finance (NYSE:NREF) Updates Q4 2024 Earnings Guidance

NexPoint Real Estate Finance (NYSE:NREF) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.750-0.850 for the period, compared to the consensus EPS estimate of 0.490. The company issued revenue guidance of -.

NexPoint Real Estate Finance Price Performance

NYSE NREF traded down $0.20 during trading on Friday, reaching $14.93. The company’s stock had a trading volume of 42,292 shares, compared to its average volume of 32,832. The firm has a fifty day moving average of $15.55 and a 200 day moving average of $14.51. NexPoint Real Estate Finance has a one year low of $12.63 and a one year high of $17.25. The stock has a market capitalization of $260.68 million, a PE ratio of 14.22 and a beta of 1.61. The company has a debt-to-equity ratio of 1.76, a current ratio of 374.23 and a quick ratio of 374.23.

NexPoint Real Estate Finance (NYSE:NREF) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.25. The firm had revenue of $18.23 million for the quarter, compared to the consensus estimate of $3.39 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts expect that NexPoint Real Estate Finance will post 0.97 EPS for the current fiscal year.

NexPoint Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 13.40%. NexPoint Real Estate Finance’s payout ratio is presently 190.48%.

Analysts Set New Price Targets

Separately, Raymond James downgraded NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

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.