NexPoint Real Estate Finance (NREF) Scheduled to Post Quarterly Earnings on Thursday

NexPoint Real Estate Finance (NYSE:NREF) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.49) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

NexPoint Real Estate Finance Price Performance

NREF opened at $13.15 on Thursday. The company has a fifty day moving average price of $13.75 and a two-hundred day moving average price of $14.82. The company has a debt-to-equity ratio of 2.78, a quick ratio of 460.31 and a current ratio of 460.31. NexPoint Real Estate Finance has a 52 week low of $12.53 and a 52 week high of $17.84. The firm has a market capitalization of $231.31 million, a PE ratio of 20.23 and a beta of 1.60.

NexPoint Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 15.21%. The ex-dividend date was Thursday, March 14th. NexPoint Real Estate Finance’s dividend payout ratio is presently 307.69%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their target price on shares of NexPoint Real Estate Finance from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th.

NexPoint Real Estate Finance Company Profile

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.