NexPoint Residential Trust, Inc. (NYSE:NXRT) Declares Quarterly Dividend of $0.51

NexPoint Residential Trust, Inc. (NYSE:NXRT) declared 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 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, March 14th.

NexPoint Residential Trust has a payout ratio of -190.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

Shares of NexPoint Residential Trust stock opened at $39.95 on Wednesday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $42.95. NexPoint Residential Trust has a one year low of $29.01 and a one year high of $48.37.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Monday. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Finally, Truist Financial increased their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.33.

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.