NexPoint Residential Trust, Inc. (NXRT) to Distribute Quarterly Dividend of $0.53 on September 30th

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

NexPoint Residential Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. NexPoint Residential Trust has a dividend payout ratio of -182.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 0.2%

NXRT stock traded up $0.07 during trading on Wednesday, reaching $26.98. The stock had a trading volume of 13,861 shares, compared to its average volume of 217,992. NexPoint Residential Trust has a one year low of $23.79 and a one year high of $34.87. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 5.75. The company’s 50 day moving average is $27.95 and its two-hundred day moving average is $28.06. The company has a market capitalization of $687.59 million, a price-to-earnings ratio of -21.24 and a beta of 1.18.

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

Institutional Trading of NexPoint Residential Trust

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of NexPoint Residential Trust by 5.7% in the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock valued at $2,159,000 after acquiring an additional 2,942 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in NexPoint Residential Trust during the 1st quarter worth approximately $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NexPoint Residential Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 573 shares in the last quarter. Millennium Management LLC lifted its stake in NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NexPoint Residential Trust by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock valued at $5,219,000 after purchasing an additional 7,217 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

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.