NexPoint Real Estate Finance (NYSE:NREF) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

NexPoint Real Estate Finance (NYSE:NREF) issued its earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.25, Zacks reports. The company had revenue of $18.23 million for the quarter, compared to analyst estimates of $3.39 million. NexPoint Real Estate Finance had a net margin of 23.44% and a return on equity of 7.09%. During the same quarter last year, the firm earned $0.41 EPS. NexPoint Real Estate Finance updated its Q3 2024 guidance to 0.450-0.550 EPS.

NexPoint Real Estate Finance Trading Down 1.3 %

Shares of NYSE:NREF traded down $0.19 during mid-day trading on Friday, reaching $14.10. The stock had a trading volume of 17,576 shares, compared to its average volume of 36,295. The firm has a market cap of $249.85 million, a PE ratio of -25.64 and a beta of 1.61. The firm has a 50 day simple moving average of $14.03 and a two-hundred day simple moving average of $13.98. The company has a current ratio of 296.17, a quick ratio of 296.17 and a debt-to-equity ratio of 1.52. NexPoint Real Estate Finance has a twelve month low of $12.63 and a twelve month high of $17.84.

NexPoint Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.18%. NexPoint Real Estate Finance’s dividend payout ratio is -363.64%.

Wall Street Analyst Weigh In

NREF has been the topic of several recent research reports. Piper Sandler reduced their target price on shares of NexPoint Real Estate Finance from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Keefe, Bruyette & Woods reduced their target price on shares of NexPoint Real Estate Finance from $14.00 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, May 7th.

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.