Somewhat Favorable Media Coverage Somewhat Unlikely to Affect NexPoint Residential Trust (NXRT) Stock Price
News stories about NexPoint Residential Trust (NYSE:NXRT) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NexPoint Residential Trust earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.4895515058573 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- NexPoint Residential Trust, Inc. (NXRT) Expected to Announce Quarterly Sales of $36.48 Million (americanbankingnews.com)
- Analysts Anticipate NexPoint Residential Trust, Inc. (NXRT) to Post $0.36 Earnings Per Share (americanbankingnews.com)
- NexPoint Residential Trust, Inc. (NXRT) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- NexPoint Residential Trust, Inc. (NXRT) Plans Dividend Increase – $0.25 Per Share (americanbankingnews.com)
- NexPoint Residential Trust, Inc. Announces 13.6% Increase in Quarterly Dividend (finance.yahoo.com)
Shares of NexPoint Residential Trust (NYSE:NXRT) traded down $0.03 on Friday, reaching $26.71. 60,325 shares of the company’s stock traded hands, compared to its average volume of 65,508. The firm has a market capitalization of $562.49, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 4.63 and a beta of 0.81. NexPoint Residential Trust has a 52 week low of $16.67 and a 52 week high of $26.88. The company has a current ratio of 1.72, a quick ratio of 0.73 and a debt-to-equity ratio of 3.09.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.74%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, December 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is 32.71%.
Several brokerages recently issued reports on NXRT. FBR & Co reissued a “buy” rating and set a $27.00 price objective on shares of NexPoint Residential Trust in a report on Thursday, October 26th. Janney Montgomery Scott began coverage on shares of NexPoint Residential Trust in a report on Friday, September 8th. They set a “neutral” rating on the stock. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, B. Riley reissued a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of NexPoint Residential Trust in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.67.
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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.
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