NexPoint Residential Trust, Inc. (NYSE:NXRT) to Issue $0.51 Quarterly Dividend

NexPoint Residential Trust, Inc. (NYSE:NXRT) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.51 per share by the financial services provider on Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 5.04%.

NexPoint Residential Trust has a dividend payout ratio of -196.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 $2.04 annual dividend with an expected future payout ratio of 73.4%.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $40.50 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.34 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 52-week low of $28.20 and a 52-week high of $48.37. The company’s fifty day moving average is $40.07 and its two-hundred day moving average is $43.20.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. Equities research analysts forecast that NexPoint Residential Trust will post 2.86 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.