NexPoint Residential Trust, Inc. (NYSE:NXRT) to Issue Quarterly Dividend of $0.53

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.53 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

NexPoint Residential Trust has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. NexPoint Residential Trust has a payout ratio of -182.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect NexPoint Residential Trust to earn $1.85 per share next year, which means the company may not be able to cover its $2.12 annual dividend with an expected future payout ratio of 114.6%.

NexPoint Residential Trust Stock Down 0.3%

NXRT stock traded down $0.07 during trading on Wednesday, reaching $26.84. 2,773 shares of the company traded hands, compared to its average volume of 217,952. The business has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $28.06. NexPoint Residential Trust has a 12 month low of $23.79 and a 12 month high of $34.87. The company has a debt-to-equity ratio of 5.75, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $684.05 million, a price-to-earnings ratio of -21.20 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, April 28th. The financial services provider reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.10. The business had revenue of $63.54 million during the quarter, compared to the consensus estimate of $63.20 million. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. On average, equities research analysts anticipate that NexPoint Residential Trust will post 2.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on NexPoint Residential Trust in a research report on Monday, July 20th. Finally, Truist Financial lowered their price objective on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.00.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.