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

NexPoint Real Estate Finance (NYSE:NREF) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

NexPoint Real Estate Finance (NYSE:NREF) last released its earnings results on Monday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.25. The firm had revenue of $18.23 million during the quarter, compared to the consensus estimate of $3.39 million. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts expect NexPoint Real Estate Finance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NexPoint Real Estate Finance Price Performance

NREF opened at $14.70 on Thursday. The company has a current ratio of 374.23, a quick ratio of 374.23 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $260.47 million, a P/E ratio of -26.95 and a beta of 1.61. The stock has a 50-day moving average price of $15.65 and a 200-day moving average price of $14.43. NexPoint Real Estate Finance has a 12-month low of $12.63 and a 12-month high of $17.25.

NexPoint Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.61%. NexPoint Real Estate Finance’s payout ratio is -363.64%.

Analysts Set New Price Targets

Separately, Raymond James cut NexPoint Real Estate Finance from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

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.