NexPoint Residential Trust Inc (NYSE:NXRT) declared a quarterly dividend on Monday, October 29th, Zacks reports. Investors of record on Monday, December 17th will be paid a dividend of 0.275 per share by the financial services provider on Monday, December 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, December 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.25.
NexPoint Residential Trust has a dividend payout ratio of 64.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NexPoint Residential Trust to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 54.5%.
Shares of NXRT opened at $35.84 on Thursday. NexPoint Residential Trust has a 12-month low of $23.03 and a 12-month high of $38.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $850.45 million, a P/E ratio of 30.63, a PEG ratio of 1.98 and a beta of 0.59.
NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.69). NexPoint Residential Trust had a negative return on equity of 0.49% and a negative net margin of 0.82%. The firm had revenue of $36.50 million during the quarter, compared to the consensus estimate of $36.04 million. As a group, sell-side analysts forecast that NexPoint Residential Trust will post 1.7 earnings per share for the current fiscal year.
In related news, insider James D. Dondero acquired 207,972 shares of the company’s stock in a transaction on Friday, November 16th. The shares were acquired at an average cost of $33.00 per share, for a total transaction of $6,863,076.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 19.98% of the stock is currently owned by company insiders.
NXRT has been the topic of a number of recent research reports. Boenning Scattergood initiated coverage on NexPoint Residential Trust in a report on Monday, September 17th. They issued an “outperform” rating and a $35.00 target price on the stock. B. Riley increased their target price on NexPoint Residential Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 5th. ValuEngine upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Finally, Zacks Investment Research cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $35.50.
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NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.
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