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

NexPoint Residential Trust, Inc. (NYSE:NXRT) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Friday, March 14th.

NexPoint Residential Trust has a dividend 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. 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 Up 0.2 %

Shares of NXRT opened at $40.49 on Thursday. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $1.03 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.34 and a beta of 1.42. The company has a 50-day simple moving average of $39.98 and a 200-day simple moving average of $43.18.

Analysts Set New Price Targets

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

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.