NexPoint Real Estate Finance, Inc. (NYSE:NREF) Plans $0.50 Quarterly Dividend

NexPoint Real Estate Finance, Inc. (NYSE:NREFGet Free Report) announced a quarterly dividend on Thursday, February 29th, Zacks reports. Shareholders of record on Friday, March 15th will be given a dividend of 0.50 per share on Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 13.63%. The ex-dividend date of this dividend is Thursday, March 14th.

NexPoint Real Estate Finance has increased its dividend by an average of 18.6% annually over the last three years. NexPoint Real Estate Finance has a payout ratio of 93.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect NexPoint Real Estate Finance to earn $1.81 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 110.5%.

NexPoint Real Estate Finance Trading Up 1.0 %

NexPoint Real Estate Finance stock opened at $14.68 on Tuesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 494.61 and a current ratio of 494.61. NexPoint Real Estate Finance has a 1 year low of $12.53 and a 1 year high of $17.84. The firm’s 50-day moving average is $14.83 and its 200-day moving average is $15.48. The company has a market cap of $252.85 million, a P/E ratio of 22.58 and a beta of 1.60.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods downgraded NexPoint Real Estate Finance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 13th.

Get Our Latest Stock Report on NexPoint Real Estate Finance

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently modified their holdings of NREF. JPMorgan Chase & Co. raised its holdings in shares of NexPoint Real Estate Finance by 509.3% during the first quarter. JPMorgan Chase & Co. now owns 9,798 shares of the company’s stock valued at $221,000 after buying an additional 8,190 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in NexPoint Real Estate Finance by 18.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,272 shares of the company’s stock valued at $775,000 after acquiring an additional 5,379 shares during the period. Citigroup Inc. bought a new stake in NexPoint Real Estate Finance during the 1st quarter valued at $393,000. BlackRock Inc. boosted its position in NexPoint Real Estate Finance by 184.4% during the 1st quarter. BlackRock Inc. now owns 92,851 shares of the company’s stock worth $2,099,000 after acquiring an additional 60,206 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of NexPoint Real Estate Finance by 28.6% in the first quarter. Vanguard Group Inc. now owns 354,696 shares of the company’s stock worth $8,016,000 after purchasing an additional 78,938 shares in the last quarter. Institutional investors and hedge funds own 68.25% of the company’s stock.

About NexPoint Real Estate Finance

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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 stock, as well as multifamily commercial mortgage-backed securities securitizations.

See Also

Dividend History for NexPoint Real Estate Finance (NYSE:NREF)

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