Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) Dividend Payout Ratio: 1.17 (As of Jun. 2025) — 15% Above Median


BSP:HREC11 Hedge Recebiveis Fundo DE Investimento Imobiliario BSP:HREC11
47 GF Score
Price R$8.24
GF Value R$14.28
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio?

Hedge Recebiveis Fundo DE Investimento Imobiliario BSP:HREC11 47 Dividend Payout Ratio is 1.17 as of Jun. 2025, which is 15% above its 10-year median of 1.02. GuruFocus rates BSP:HREC11 with a GF Score™ of 47/100 and a GF Value™ of R$14.28 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 697 Real Estate companies, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks worse than 86.94% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the months ended in Jun. 2025 was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hedge Recebiveis Fundo DE Investimento Imobiliario is 1.17, which seems too high.

The historical rank and industry rank for Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio or its related term are showing as below:

BSP:HREC11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.02   Max: 1.82
Current: 1.17

During the past 5 years, the highest Dividend Payout Ratio of Hedge Recebiveis Fundo DE Investimento Imobiliario was 1.82. The lowest was 0.83. And the median was 1.02.

BSP:HREC11's Dividend Payout Ratio is ranked worse than
86.94% of 697 companies
in the Real Estate industry
Industry Median: 0.41 vs BSP:HREC11: 1.17

As of today (2026-07-07), the Dividend Yield % of Hedge Recebiveis Fundo DE Investimento Imobiliario is 12.38%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Hedge Recebiveis Fundo DE Investimento Imobiliario was 13.64%. The lowest was 4.72%. And the median was 12.16%.

Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividends per Share for the months ended in Jun. 2025 was R$1.02.

During the past 12 months, Hedge Recebiveis Fundo DE Investimento Imobiliario's average Dividends Per Share Growth Rate was 3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.00% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Hedge Recebiveis Fundo DE Investimento Imobiliario was 30.00% per year. The lowest was 30.00% per year. And the median was 30.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio Related Terms

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio Chart

Hedge Recebiveis Fundo DE Investimento Imobiliario Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
0.00 0.83 0.88 1.82 1.17

Hedge Recebiveis Fundo DE Investimento Imobiliario Semi-Annual Data
Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio 0.00 0.83 0.88 1.82 1.17

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio falls into.


BSP:HREC11
47GF Score
Hedge Recebiveis Fundo DE Investimento Imobiliario BSP:HREC11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Recebiveis Fundo DE Investimento Imobiliario Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=1.02/ 0.872
=1.17

Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the quarter that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2025 )/ EPS without NRI (Q: Jun. 2025 )
=1.02/ 0.872
=1.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.17 mean?
Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) has a Dividend Payout Ratio of 1.17 as of Jun. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hedge Recebiveis Fundo DE Investimento Imobiliario and its competitors. This is 15% above median its historical median of 1.02. Over the past decade, Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio has ranged from 0.83 to 1.82. According to the industry distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #606 out of 697 companies in the Real Estate industry, placing it in the top 86.9%.
Is Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio too high?
Hedge Recebiveis Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.17 is 15% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.82. The Real Estate industry median Dividend Payout Ratio is 0.41. Hedge Recebiveis Fundo DE Investimento Imobiliario's value of 1.17 is 185.4% above this industry median. Based on the distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #606 out of 697 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Hedge Recebiveis Fundo DE Investimento Imobiliario has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hedge Recebiveis Fundo DE Investimento Imobiliario's Dividend Payout Ratio compare to competitors?
According to the Real Estate industry distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #606 out of 697 companies for Dividend Payout Ratio. This places Hedge Recebiveis Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Hedge Recebiveis Fundo DE Investimento Imobiliario's value of 1.17 is 185.4% above this benchmark. Historically, Hedge Recebiveis Fundo DE Investimento Imobiliario's own Dividend Payout Ratio has ranged from 0.83 to 1.82 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.41, Hedge Recebiveis Fundo DE Investimento Imobiliario has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Real Estate company?
The median Dividend Payout Ratio among Real Estate companies is 0.41, based on 697 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hedge Recebiveis Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.17 is 185.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hedge Recebiveis Fundo DE Investimento Imobiliario and its competitors. For the Real Estate industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedge Recebiveis Fundo DE Investimento Imobiliario's current Dividend Payout Ratio is 1.17, which is 15% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Recebiveis Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$14.28, compared to a current price of R$8.24 — trading 42.3% below its estimated fair value. The current Dividend Payout Ratio is 1.17, which is 15% above median its 10-year median of 1.02 and 185.4% above the Real Estate industry median of 0.41. Hedge Recebiveis Fundo DE Investimento Imobiliario's overall GF Score™ is 47/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11), the current Dividend Payout Ratio is 1.17 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) Overvalued in 2026?

Based on GuruFocus' analysis, Hedge Recebiveis Fundo DE Investimento Imobiliario stock appears to be undervalued. The current stock price of R$8.24 is trading 42.3% below its estimated GF Value™ of R$14.28. GuruFocus considers Hedge Recebiveis Fundo DE Investimento Imobiliario to be Significantly Undervalued.

Key valuation signals for BSP:HREC11:

  • Dividend Payout Ratio: 1.17 (15% above median its 10-year median of 1.02)
  • GF Value™: R$14.28 vs. price of R$8.24 (42.3% below fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 185.4% above the Real Estate median (#606 of 697)

No single metric tells the full story. See the BSP:HREC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hedge Recebiveis Fundo DE Investimento Imobiliario Business Description

Address Avenida Brigadeiro Faria Lima, 3600, 11TH FLOOR, Sao Paulo, BRA, 04538-132
Hedge Recebiveis Fundo DE Investimento Imobiliario aims to provide its shareholders with the appreciation and profitability of their shares in the long term, through investment in Real Estate Receivable Certificates.
47GF Score

Get the complete analysis for BSP:HREC11

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$8.24
Price
R$14.28
GF Value