NexPoint Real Estate Finance (NYSE:NREF) Posts Quarterly Earnings Results

NexPoint Real Estate Finance (NYSE:NREF – Get Rating) released its earnings results on Thursday. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10, MarketWatch Earnings reports. NexPoint Real Estate Finance had a net margin of 70.90% and a return on equity of 7.56%. During the same quarter last year, the company posted $0.53 EPS.

NREF stock traded up $0.08 during trading on Friday, hitting $23.48. 78,484 shares of the company traded hands, compared to its average volume of 52,234. The firm has a market capitalization of $337.88 million, a PE ratio of 6.75 and a beta of 1.83. NexPoint Real Estate Finance has a 1 year low of $17.96 and a 1 year high of $23.97. The company has a 50-day moving average of $22.31 and a 200-day moving average of $21.11. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1,054.09 and a current ratio of 1,054.09.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend is Tuesday, June 14th. NexPoint Real Estate Finance’s dividend payout ratio is presently 57.47%.

NREF has been the topic of several analyst reports. Zacks Investment Research upgraded NexPoint Real Estate Finance from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, March 22nd. Raymond James increased their target price on NexPoint Real Estate Finance from $23.00 to $24.00 and gave the company a “strong-buy” rating in a report on Thursday, March 17th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NREF. Morgan Stanley lifted its holdings in NexPoint Real Estate Finance by 2,675.0% in the 2nd quarter. Morgan Stanley now owns 3,441 shares of the company’s stock worth $72,000 after buying an additional 3,317 shares during the period. Geode Capital Management LLC lifted its holdings in NexPoint Real Estate Finance by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 41,656 shares of the company’s stock worth $811,000 after buying an additional 3,083 shares during the period. Invesco Ltd. lifted its holdings in NexPoint Real Estate Finance by 14.0% in the 3rd quarter. Invesco Ltd. now owns 37,160 shares of the company’s stock worth $724,000 after buying an additional 4,555 shares during the period. Citadel Advisors LLC purchased a new stake in NexPoint Real Estate Finance in the 3rd quarter worth approximately $226,000. Finally, Millennium Management LLC purchased a new stake in NexPoint Real Estate Finance in the 3rd quarter worth approximately $2,270,000.

About NexPoint Real Estate Finance (Get Rating)

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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