NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.50 per share on Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 12.21%. The ex-dividend date of this dividend is Friday, March 14th.
NexPoint Real Estate Finance has raised its dividend by an average of 6.4% annually over the last three years. NexPoint Real Estate Finance has a dividend payout ratio of 91.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect NexPoint Real Estate Finance to earn $2.22 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 90.1%.
NexPoint Real Estate Finance Stock Up 1.0 %
Shares of NREF stock opened at $16.37 on Friday. The company’s fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $15.80. NexPoint Real Estate Finance has a 52 week low of $12.63 and a 52 week high of $18.09. The stock has a market cap of $285.91 million, a P/E ratio of 15.59 and a beta of 1.65. The company has a quick ratio of 280.30, a current ratio of 280.30 and a debt-to-equity ratio of 1.71.
Analyst Ratings Changes
Read Our Latest Stock Analysis on NREF
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.
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