NexPoint Residential Trust, Inc. Declares Quarterly Dividend of $0.51 (NYSE:NXRT)

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) declared a quarterly dividend on Tuesday, April 29th, RTT News reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.51 per share by the financial services provider on Monday, June 30th. This represents a $2.04 annualized dividend and a yield of 5.40%.

NexPoint Residential Trust has a dividend payout ratio of -180.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect NexPoint Residential Trust to earn $2.78 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 73.4%.

NexPoint Residential Trust Price Performance

NXRT stock opened at $37.78 on Tuesday. The company has a market capitalization of $964.67 million, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The company's fifty day moving average price is $38.07 and its 200-day moving average price is $40.99. NexPoint Residential Trust has a one year low of $30.98 and a one year high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. On average, equities analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,814 shares of the firm's stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $33.24 per share, with a total value of $193,257.36. Following the completion of the acquisition, the insider now owns 18,493 shares of the company's stock, valued at $614,707.32. The trade was a 45.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NXRT shares. Jefferies Financial Group increased their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a report on Monday, March 10th. Raymond James lowered their price target on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, March 20th. Finally, StockNews.com lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $46.33.

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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