NexPoint Residential Trust, Inc. (NXRT) To Go Ex-Dividend on March 14th

NexPoint Residential Trust, Inc. (NYSE:NXRT) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 14th will be given 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 5.11%. The ex-dividend date is Friday, March 14th.

NexPoint Residential Trust has a dividend 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 Trading Down 0.8 %

NYSE:NXRT opened at $39.95 on Wednesday. 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 1-year low of $29.01 and a 1-year high of $48.37. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.34 and a beta of 1.43. The business’s 50-day moving average price is $39.80 and its two-hundred day moving average price is $42.95.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXRT. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Truist Financial upped their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Monday. Finally, Jefferies Financial Group lifted their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.33.

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.