NexPoint Real Estate Finance, Inc. (NYSE:NREF) to Issue Quarterly Dividend of $0.50
NexPoint Real Estate Financing, Inc. (NYSE: NREF- Get a rating) declared a quarterly dividend on Thursday, July 28, Zacks reports. Shareholders of record on Thursday, September 15 will receive a dividend of 0.50 per share on Friday, September 30. This represents an annualized dividend of $2.00 and a dividend yield of 9.59%. The ex-dividend date is Wednesday, September 14.
NexPoint Real Estate Finance has a dividend payout ratio of 92.6%, indicating that its dividend is currently being covered by earnings, but may not be in the future if company earnings society decline. Equity research analysts expect NexPoint Real Estate Finance to earn $1.86 per share next year, meaning 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 ratio of 2.60. The company’s fifty-day simple moving average is $21.86 and its 200-day simple moving average is $21.88. The company has a market capitalization of $304.16 million, a PE ratio of 5.99 and a beta of 1.59.
NexPoint Real Estate Financing (NYSE: NREF – Get a rating) last released its quarterly results on Thursday, April 28. The company reported EPS of $1.23 for the quarter, beating the consensus estimate of $1.13 by $0.10. NexPoint Real Estate Finance achieved a return on equity of 15.94% and a net margin of 61.05%. During the same quarter last year, the company posted EPS of $0.53. As a group, stock analysts expect NexPoint Real Estate Finance to post earnings per share of 2.62 for the current year.
Insider buying and selling
In other news from NexPoint Real Estate Finance, Chairman James D. Dondero acquired 1,132 shares of the company in a transaction that took place on Wednesday, July 6. The shares were 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, valued at $152,792.80. The transaction was disclosed in an SEC filing, available at this link. Separately, Chairman James D. Dondero purchased 1,132 shares of the company in a trade on Wednesday, July 6. The stock was purchased at an average cost of $24.80 per share, with a total value of $28,073.60. As a result of the transaction, the president now directly owns 6,161 shares of the company, valued at approximately $152,792.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, Chairman James D. Dondero acquired 5,029 shares of the company in a transaction dated Thursday, June 16. The stock was purchased 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 of the company, valued at approximately $123,914.56. Disclosure of this purchase can be found here. Company insiders hold 48.00% of the company’s shares.
Hedge funds weigh on NexPoint Real Estate Finance
Several hedge funds and other institutional investors have recently changed their positions in the stock. Vanguard Group Inc. increased 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 worth $8,016,000 after purchasing an additional 78,938 shares in the last quarter. BlackRock Inc. increased its stake in NexPoint Real Estate Finance by 184.4% in the first quarter. BlackRock Inc. now owns 92,851 shares of the company valued at $2,099,000 after purchasing an additional 60,206 shares in the last quarter. State Street Corp increased 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 valued at $830,000 after buying an additional 20,190 shares in the last quarter. Citigroup Inc. acquired a new stake in NexPoint Real Estate Finance in the first quarter, valued at approximately $393,000. Finally, Goldman Sachs Group Inc. acquired a new stake in NexPoint Real Estate Finance in the first quarter, valued at approximately $393,000. Hedge funds and other institutional investors hold 74.33% of the company’s shares.
About NexPoint Real Estate Financing
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 stocks and preferred shares, as well as securitizations of multi-family commercial mortgage-backed securities.
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