5 Best and Reliable High Dividend REITs to Buy Now

3. NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Dividend Yield as of August 23: 9.36%

NexPoint Real Estate Finance, Inc. (NYSE:NREF) is a Texas-based REIT company that specializes in mortgage loans. In the second quarter of 2022, 14 hedge funds tracked by Insider Monkey owned stakes in the company, down from 15 in the previous quarter. These stakes hold a collective value of over $97 million. Israel Englander, Jim Simons, and Ken Griffin were some of the company’s most prominent stakeholders in Q2.

NexPoint Real Estate Finance, Inc. (NYSE:NREF) started paying dividends in 2020 and has raised its payouts twice since then. It currently pays a quarterly dividend of $0.50 per share and has a yield of 9.36%, as of August 23.

In Q2 2022, NexPoint Real Estate Finance, Inc. (NYSE:NREF) posted a GAAP EPS of $0.56, up from $0.41 in the prior-year quarter. The company’s net income stood at $8.5 million while its reported earnings for distribution came in at $12.6 million. In addition to this, the company generated over $12.6 million in free cash flow during the quarter.