NexPoint Residential Trust, Inc. (NYSE:NXRT) Plans Dividend Increase - $0.53 Per Share

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) declared a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, December 15th will be given 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 6.8%. 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 a payout ratio of -175.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 2.2%

Shares of NXRT traded up $0.68 on Tuesday, hitting $31.23. The company's stock had a trading volume of 196,464 shares, compared to its average volume of 155,114. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. The firm's fifty day moving average price is $32.43 and its 200-day moving average price is $33.67. NexPoint Residential Trust has a fifty-two week low of $29.93 and a fifty-two week high of $48.31. The firm has a market capitalization of $792.12 million, a price-to-earnings ratio of -15.93 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The business had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. On average, equities research analysts expect that NexPoint Residential Trust will post 2.86 EPS for the current year.

Insider Buying and Selling at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the sale, the director directly owned 65,900 shares in the company, valued at $2,037,628. This represents a 7.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently bought and sold shares of NXRT. Ameritas Advisory Services LLC bought a new position in NexPoint Residential Trust in the second quarter valued at about $47,000. New Age Alpha Advisors LLC bought a new position in shares of NexPoint Residential Trust during the first quarter worth about $53,000. Quantbot Technologies LP bought a new stake in NexPoint Residential Trust in the first quarter worth approximately $56,000. Versant Capital Management Inc increased its holdings in NexPoint Residential Trust by 334.3% in the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider's stock worth $62,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in NexPoint Residential Trust by 121.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider's stock worth $88,000 after purchasing an additional 1,455 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.

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