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

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Friday, March 13th will be given a dividend of 0.53 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 13th.

NexPoint Residential Trust has raised its dividend payment 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $2.12 annual dividend with an expected future payout ratio of 76.3%.

NexPoint Residential Trust Price Performance

NYSE NXRT traded down $0.17 on Wednesday, hitting $28.75. The company had a trading volume of 133,262 shares, compared to its average volume of 183,778. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. The company’s fifty day moving average price is $30.06 and its 200-day moving average price is $31.12. The company has a market capitalization of $728.97 million, a PE ratio of -14.97 and a beta of 1.19. NexPoint Residential Trust has a 12-month low of $27.69 and a 12-month high of $43.13.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NXRT shares. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Truist Financial decreased their target price on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Finally, Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $39.88.

NexPoint Residential Trust Company Profile

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.