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

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Friday, March 14th will be paid 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 dividend yield of 5.04%.

NexPoint Residential Trust has a 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. Equities 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 Up 4.0 %

Shares of NXRT opened at $40.50 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of 22.65, a PEG ratio of 2.34 and a beta of 1.42. The stock’s 50-day moving average price is $40.07 and its two-hundred day moving average price is $43.20. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.78 earnings per share (EPS) 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%. On average, analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Moderate Buy” and an average 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.