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

NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Rating) declared a quarterly dividend on Thursday, July 28th, Zacks reports. Stockholders of record on Thursday, September 15th will be given a dividend of 0.50 per share on Friday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 9.59%. The ex-dividend date is Wednesday, September 14th.

NexPoint Real Estate Finance has a dividend payout ratio of 92.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect NexPoint Real Estate Finance to earn $1.86 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 107.5%.

NexPoint Real Estate Finance Stock Down 7.4 %

NYSE NREF opened at $20.85 on Friday. NexPoint Real Estate Finance has a 52 week low of $17.96 and a 52 week high of $25.98. The company has a quick ratio of 551.26, a current ratio of 551.26 and a debt-to-equity ratio of 2.60. The business’s fifty day simple moving average is $21.86 and its 200-day simple moving average is $21.88. The firm has a market cap of $304.16 million, a PE ratio of 5.99 and a beta of 1.59.

NexPoint Real Estate Finance (NYSE:NREF – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. NexPoint Real Estate Finance had a return on equity of 15.94% and a net margin of 61.05%. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities analysts anticipate that NexPoint Real Estate Finance will post 2.62 earnings per share for the current year.

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In other NexPoint Real Estate Finance news, President James D. Dondero acquired 1,132 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was purchased at an average cost of $24.80 per share, with a total value of $28,073.60. Following the transaction, the president now owns 6,161 shares of the company’s stock, valued at $152,792.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, President James D. Dondero bought 1,132 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was bought at an average cost of $24.80 per share, with a total value of $28,073.60. Following the transaction, the president now directly owns 6,161 shares in the company, valued at approximately $152,792.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President James D. Dondero acquired 5,029 shares of the firm’s stock in a transaction dated Thursday, June 16th. The stock was bought at an average price of $24.64 per share, with a total value of $123,914.56. Following the purchase, the president now directly owns 5,029 shares in the company, valued at approximately $123,914.56. The disclosure for this purchase can be found here. Corporate Insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in NexPoint Real Estate Finance by 28.6% during 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 during the last quarter. BlackRock Inc. lifted its stake in NexPoint Real Estate Finance by 184.4% in the first quarter. BlackRock Inc. now owns 92,851 shares of the company’s stock valued at $2,099,000 after buying an additional 60,206 shares during the last quarter. State Street Corp lifted its stake in NexPoint Real Estate Finance by 122.1% in the first quarter. State Street Corp now owns 36,720 shares of the company’s stock valued at $830,000 after buying an additional 20,190 shares during the last quarter. Citigroup Inc. purchased a new stake in NexPoint Real Estate Finance in the first quarter valued at approximately $393,000. Finally, Goldman Sachs Group Inc. purchased a new stake in NexPoint Real Estate Finance in the first quarter valued at approximately $393,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

About NexPoint Real Estate Finance

(GetRated)

NexPoint Real Estate Finance, Inc operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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

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