In Wednesday trading, shares of NexPoint Real Estate Finance Inc’s 8.50% Series A Cumulative Preferred Stock (Symbol: NREF.PRA) yielded above 8.5%, with shares trading as low as $24.73. The annualized dividend stands at $2.125, contrasting with an average yield of 8.09% in the Real Estate preferred stock category. As of the last close, NREF.PRA was trading at a 0.08% premium to its liquidation preference, while the average in the category shows a 14.15% discount.
On the same day, NREF.PRA was down approximately 0.9%, with the common shares (Symbol: NREF) also decreasing by about 1%.
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