NexPoint Real Estate Finance (NYSE:NREF) Releases Q1 2021 Earnings Guidance

NexPoint Real Estate Finance (NYSE:NREF) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.520-0.540 for the period, compared to the Thomson Reuters consensus estimate of $0.480. The company issued revenue guidance of -.

Shares of NYSE:NREF traded down $0.03 during trading hours on Tuesday, reaching $20.81. The stock had a trading volume of 51,541 shares, compared to its average volume of 37,302. NexPoint Real Estate Finance has a 1 year low of $10.23 and a 1 year high of $21.48. The firm’s 50 day moving average is $19.76 and its 200-day moving average is $18.19. The company has a current ratio of 1,712.96, a quick ratio of 1,712.96 and a debt-to-equity ratio of 6.35.

NexPoint Real Estate Finance (NYSE:NREF) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Equities analysts predict that NexPoint Real Estate Finance will post 1.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date of this dividend is Monday, June 14th.

A number of research analysts recently commented on the stock. Raymond James increased their target price on shares of NexPoint Real Estate Finance from $21.50 to $22.50 and gave the company a strong-buy rating in a research report on Wednesday, April 21st. Zacks Investment Research downgraded shares of NexPoint Real Estate Finance from a buy rating to a hold rating in a research report on Saturday.

In other NexPoint Real Estate Finance news, Director Catherine D. Wood purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 19th. The stock was purchased at an average price of $18.56 per share, for a total transaction of $55,680.00. Following the purchase, the director now directly owns 4,432 shares in the company, valued at $82,257.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About NexPoint Real Estate Finance

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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