NexPoint Residential Trust, Inc. (NXRT) To Go Ex-Dividend on December 15th

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Monday, December 15th will be paid a dividend of 0.53 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, December 15th. This is a 3.9% increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51.

NexPoint Residential Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. NexPoint Residential Trust has a payout ratio of -182.8% indicating that 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 $2.12 annual dividend with an expected future payout ratio of 76.3%.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $29.66 on Friday. The firm has a market cap of $752.18 million, a price-to-earnings ratio of -15.45 and a beta of 1.17. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. NexPoint Residential Trust has a 1-year low of $29.10 and a 1-year high of $46.15. The firm’s fifty day moving average price is $30.99 and its 200 day moving average price is $32.41.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, sell-side analysts expect that NexPoint Residential Trust will post 2.86 EPS for the current year.

Wall Street Analyst Weigh In

NXRT has been the topic of several recent research reports. Truist Financial reduced their price target on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, November 17th. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $40.13.

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.