NexPoint Residential Trust, Inc. (NYSE:NXRT) Declares $0.53 Quarterly Dividend

NexPoint Residential Trust, Inc. (NYSE:NXRT) declared a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.53 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Tuesday, September 15th.

NexPoint Residential Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. NexPoint Residential Trust has a dividend payout ratio of -182.8% 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 $1.85 per share next year, which means the company may not be able to cover its $2.12 annual dividend with an expected future payout ratio of 114.6%.

NexPoint Residential Trust Stock Down 0.2%

NXRT stock traded down $0.04 during trading hours on Wednesday, reaching $26.87. 6,209 shares of the stock were exchanged, compared to its average volume of 217,970. The firm’s 50-day moving average is $27.95 and its 200-day moving average is $28.06. The company has a market cap of $684.89 million, a price-to-earnings ratio of -21.13 and a beta of 1.18. The company has a debt-to-equity ratio of 5.75, a current ratio of 2.40 and a quick ratio of 2.40. NexPoint Residential Trust has a 12 month low of $23.79 and a 12 month high of $34.87.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.10. The firm had revenue of $63.54 million for the quarter, compared to the consensus estimate of $63.20 million. NexPoint Residential Trust had a negative return on equity of 10.30% and a negative net margin of 12.67%. On average, equities research analysts expect that NexPoint Residential Trust will post 2.36 earnings per share for the current year.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single?family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi?family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single?family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.