NexPoint Residential Trust Inc (NYSE:NXRT) announced a quarterly dividend on Wednesday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, September 14th will be given a dividend of 0.25 per share by the financial services provider on Friday, September 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 13th.
NexPoint Residential Trust has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NexPoint Residential Trust to earn $2.00 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 50.0%.
NXRT opened at $31.88 on Friday. NexPoint Residential Trust has a fifty-two week low of $23.03 and a fifty-two week high of $33.64. The company has a debt-to-equity ratio of 3.24, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market cap of $659.14 million, a PE ratio of 18.15, a PEG ratio of 1.73 and a beta of 0.81.
NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, July 31st. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.49). NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. The firm had revenue of $35.66 million for the quarter, compared to analyst estimates of $35.53 million. sell-side analysts predict that NexPoint Residential Trust will post 1.71 EPS for the current year.
A number of brokerages recently commented on NXRT. TheStreet cut NexPoint Residential Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 19th. ValuEngine cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. B. Riley raised their price target on NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, July 5th. Finally, Jefferies Financial Group began coverage on NexPoint Residential Trust in a research report on Monday, June 11th. They issued a “buy” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $31.75.
NexPoint Residential Trust Company Profile
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.
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