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

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced 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 5.00%.

NexPoint Residential Trust has a payout ratio of -196.2% 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 $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 Price Performance

NXRT traded up $0.35 on Wednesday, hitting $40.77. 16,248 shares of the stock were exchanged, compared to its average volume of 103,929. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.34 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. The business has a 50-day moving average of $39.98 and a two-hundred day moving average of $43.18.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.