NexPoint Residential Trust Inc (NYSE:NXRT) announced a quarterly dividend on Monday, February 12th, Zacks reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.25 per share by the financial services provider on Friday, March 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Monday, March 19th.
NexPoint Residential Trust has a dividend 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 decline. Equities research analysts expect NexPoint Residential Trust to earn $1.92 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 52.1%.
Shares of NexPoint Residential Trust (NXRT) opened at $25.40 on Wednesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $529.34, a P/E ratio of 10.24 and a beta of 0.85. NexPoint Residential Trust has a twelve month low of $22.28 and a twelve month high of $29.40.
NXRT has been the subject of a number of recent research reports. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Saturday, January 6th. ValuEngine lowered NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. NexPoint Residential Trust has a consensus rating of “Buy” and a consensus price target of $27.50.
In other NexPoint Residential Trust news, insider James D. Dondero bought 18,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $26.65 per share, for a total transaction of $479,700.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James D. Dondero bought 24,788 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average price of $27.23 per share, for a total transaction of $674,977.24. The disclosure for this purchase can be found here. Insiders bought a total of 86,553 shares of company stock worth $2,360,392 in the last 90 days. Company 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.
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