NexPoint Residential Trust, Inc. (NYSE:NXRT) to Issue $0.51 Quarterly Dividend

Key Points

• NexPoint Residential Trust, Inc. announced a quarterly dividend of $0.51, representing an annualized dividend of $2.04 with a yield of 6.18%. Shareholders will receive this dividend on September 30th, if they are on record by September 15th.
• The company currently has a payout ratio of -175.9%, indicating it cannot cover the dividend with earnings alone, but projections suggest a future payout ratio of 73.4% should allow it to sustain the dividend.
• NexPoint Residential Trust's share price was reported at $33.01, with a market capitalization of approximately $834.49 million and a price-to-earnings ratio of -25.79, alongside a 52-week price range between $30.98 and $48.37.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.51 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, September 15th.

NexPoint Residential Trust has a dividend payout ratio of -175.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Stock Down 1.1%

Shares of NXRT stock traded down $0.34 on Friday, reaching $30.84. 256,275 shares of the stock were exchanged, compared to its average volume of 165,532. The company has a current ratio of 1.89, a quick ratio of 2.65 and a debt-to-equity ratio of 4.22. The business's 50 day moving average price is $33.71 and its 200 day moving average price is $36.63. The company has a market capitalization of $782.10 million, a price-to-earnings ratio of -15.73, a PEG ratio of 1.85 and a beta of 1.04. NexPoint Residential Trust has a twelve month low of $29.98 and a twelve month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The company had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. As a group, sell-side analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at NexPoint Residential Trust

In other news, insider Paul Richards purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $32.92 per share, with a total value of $164,600.00. Following the completion of the acquisition, the insider directly owned 24,689 shares of the company's stock, valued at approximately $812,761.88. This trade represents a 25.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after purchasing an additional 589 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in NexPoint Residential Trust during the fourth quarter worth about $35,000. Ameritas Advisory Services LLC purchased a new position in NexPoint Residential Trust during the second quarter worth about $47,000. New Age Alpha Advisors LLC purchased a new position in NexPoint Residential Trust during the first quarter worth about $53,000. Finally, Quantbot Technologies LP purchased a new position in NexPoint Residential Trust in the first quarter valued at about $56,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

About NexPoint Residential Trust

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.