NexPoint Residential Trust (NYSE:NXRT – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.600-2.850 for the period, compared to the consensus earnings per share estimate of 2.680. The company issued revenue guidance of -.
NexPoint Residential Trust Price Performance
NYSE:NXRT traded up $0.96 during trading hours on Tuesday, reaching $34.27. 93,835 shares of the company traded hands, compared to its average volume of 153,977. The firm’s 50-day moving average is $30.93 and its 200-day moving average is $31.35. The stock has a market cap of $883.14 million, a P/E ratio of 20.53, a P/E/G ratio of 1.01 and a beta of 1.28. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.59 and a quick ratio of 1.59. NexPoint Residential Trust has a 1-year low of $26.21 and a 1-year high of $49.87.
NexPoint Residential Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 110.12%.
Analyst Ratings Changes
Get Our Latest Analysis on NXRT
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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