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

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Friday, March 13th will be paid a dividend of 0.50 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date is Friday, March 13th.

NexPoint Real Estate Finance has a dividend payout ratio of 99.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

NREF traded down $0.10 during midday trading on Wednesday, reaching $14.61. 12,317 shares of the company’s stock were exchanged, compared to its average volume of 48,853. The stock has a market capitalization of $258.89 million, a PE ratio of 5.20 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 175.70 and a quick ratio of 175.70. The business’s 50-day moving average price is $14.53 and its 200 day moving average price is $14.35. NexPoint Real Estate Finance has a 1-year low of $12.14 and a 1-year high of $16.80.

Insider Buying and Selling

In other news, Director Brian Mitts sold 11,904 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $14.51, for a total value of $172,727.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 54.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of NexPoint Real Estate Finance in the second quarter valued at approximately $25,000. Strs Ohio bought a new position in shares of NexPoint Real Estate Finance during the 1st quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of NexPoint Real Estate Finance during the third quarter valued at about $28,000. BNP Paribas Financial Markets lifted its stake in shares of NexPoint Real Estate Finance by 152.6% in the third quarter. BNP Paribas Financial Markets now owns 2,796 shares of the company’s stock valued at $40,000 after buying an additional 1,689 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NexPoint Real Estate Finance during the third quarter worth about $50,000. 67.79% of the stock is owned by institutional investors.

About NexPoint Real Estate Finance

NexPoint Real Estate Finance, Inc is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.

Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.