NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.53 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, June 15th.
NexPoint Residential Trust has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. NexPoint Residential Trust has a dividend payout ratio of -182.8% 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 $1.78 per share next year, which means the company may not be able to cover its $2.12 annual dividend with an expected future payout ratio of 119.1%.
NexPoint Residential Trust Price Performance
NXRT stock opened at $28.64 on Friday. The company has a debt-to-equity ratio of 5.75, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50 day simple moving average of $27.90 and a 200-day simple moving average of $28.66. The firm has a market capitalization of $729.91 million, a PE ratio of -22.55 and a beta of 1.19. NexPoint Residential Trust has a 1 year low of $23.79 and a 1 year high of $35.08.
Insider Buying and Selling
In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the acquisition, the insider owned 331,334 shares of the company’s stock, valued at approximately $8,074,609.58. The trade was a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Richards acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of $24.81 per share, for a total transaction of $37,215.00. Following the completion of the acquisition, the insider directly owned 30,359 shares of the company’s stock, valued at $753,206.79. The trade was a 5.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 3,700 shares of company stock worth $90,777 over the last quarter. 16.63% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in NXRT. Smartleaf Asset Management LLC lifted its holdings in NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 576 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in NexPoint Residential Trust by 29.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 397 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 386 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in NexPoint Residential Trust by 121.1% during 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. Finally, IFM Investors Pty Ltd acquired a new position in NexPoint Residential Trust during the first quarter worth $90,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.
About NexPoint Residential Trust
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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