NexPoint Residential Trust, Inc. (NYSE:NXRT) declared a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.25 per share by the financial services provider on Friday, December 29th. This represents a $1.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Thursday, December 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22.

NexPoint Residential Trust has a payout ratio of 86.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect NexPoint Residential Trust to earn $1.68 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 59.5%.

Shares of NexPoint Residential Trust (NYSE NXRT) opened at $27.59 on Wednesday. NexPoint Residential Trust has a 12 month low of $20.18 and a 12 month high of $29.28. The company has a market cap of $579.97, a P/E ratio of 17.43, a PEG ratio of 4.75 and a beta of 0.93. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09.

NXRT has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a research note on Wednesday, November 1st. Janney Montgomery Scott initiated coverage on shares of NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. ValuEngine lowered shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, FBR & Co reiterated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.75.

In other NexPoint Residential Trust news, insider James D. Dondero bought 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was bought at an average cost of $23.37 per share, for a total transaction of $25,707.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.00% of the company’s stock.

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About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

Dividend History for NexPoint Residential Trust (NYSE:NXRT)

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