Somewhat Favorable Press Coverage Somewhat Unlikely to Impact NexPoint Residential Trust (NXRT) Stock Price
News headlines about NexPoint Residential Trust (NYSE:NXRT) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NexPoint Residential Trust earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9646709912186 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
NXRT has been the topic of a number of recent research reports. BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Janney Montgomery Scott initiated coverage on NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating on the stock.
NexPoint Residential Trust (NYSE:NXRT) traded down 0.43% on Friday, hitting $23.33. The stock had a trading volume of 57,808 shares. The company’s 50 day moving average price is $23.60 and its 200-day moving average price is $23.60. NexPoint Residential Trust has a 12-month low of $16.67 and a 12-month high of $24.42. The company has a market cap of $490.93 million, a price-to-earnings ratio of 44.35 and a beta of 0.83.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.22 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.77%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 172.55%.
NexPoint Residential Trust Company Profile
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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