NexPoint Real Estate Finance, Inc. (NYSE:NREF) Expected to Announce Earnings of $0.63 Per Share

Equities analysts forecast that NexPoint Real Estate Finance, Inc. (NYSE:NREF) will post earnings per share of $0.63 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NexPoint Real Estate Finance’s earnings. NexPoint Real Estate Finance posted earnings of $0.37 per share in the same quarter last year, which indicates a positive year over year growth rate of 70.3%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 29th.

According to Zacks, analysts expect that NexPoint Real Estate Finance will report full-year earnings of $2.44 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $2.54 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for NexPoint Real Estate Finance.

NexPoint Real Estate Finance (NYSE:NREF) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. NexPoint Real Estate Finance had a return on equity of 15.38% and a net margin of 112.18%.

Several analysts have issued reports on the stock. Raymond James raised their price objective on shares of NexPoint Real Estate Finance from $21.50 to $22.50 and gave the stock a “strong-buy” rating in a research note on Thursday, April 15th. Robert W. Baird reissued a “buy” rating and issued a $22.00 price objective on shares of NexPoint Real Estate Finance in a research note on Thursday, May 27th. Finally, Zacks Investment Research downgraded shares of NexPoint Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Thursday, July 8th.

NYSE NREF traded up $0.15 during trading on Friday, hitting $19.82. The stock had a trading volume of 103 shares, compared to its average volume of 22,643. The company has a debt-to-equity ratio of 6.51, a current ratio of 889.18 and a quick ratio of 889.18. The stock has a market cap of $104.65 million, a PE ratio of 4.80 and a beta of 2.29. NexPoint Real Estate Finance has a one year low of $13.13 and a one year high of $21.72. The firm’s 50 day moving average price is $20.36.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 9.59%. The ex-dividend date was Monday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is presently 123.38%.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of NexPoint Real Estate Finance during the first quarter valued at approximately $41,000. Rockefeller Capital Management L.P. bought a new stake in shares of NexPoint Real Estate Finance during the first quarter valued at approximately $60,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of NexPoint Real Estate Finance by 22.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,923 shares of the company’s stock valued at $296,000 after acquiring an additional 2,966 shares in the last quarter. Stifel Financial Corp raised its stake in shares of NexPoint Real Estate Finance by 25.6% during the first quarter. Stifel Financial Corp now owns 16,250 shares of the company’s stock valued at $302,000 after acquiring an additional 3,314 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of NexPoint Real Estate Finance by 3.9% during the fourth quarter. BlackRock Inc. now owns 23,031 shares of the company’s stock valued at $380,000 after acquiring an additional 865 shares in the last quarter. 39.48% of the stock is owned by hedge funds and other institutional investors.

NexPoint Real Estate Finance Company Profile

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 equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations.

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