NexPoint Residential Trust Inc (NASDAQ:NXRT) declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Thursday, December 15th will be paid a dividend of 0.22 per share on Friday, December 30th. This represents a $0.88 annualized dividend and a yield of 4.64%. The ex-dividend date is Tuesday, December 13th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.21.

NexPoint Residential Trust (NASDAQ:NXRT) opened at 18.98 on Friday. NexPoint Residential Trust has a one year low of $10.35 and a one year high of $21.47. The firm has a 50-day moving average of $18.79 and a 200 day moving average of $17.96.

NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.04. The firm had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $33.16 million. NexPoint Residential Trust’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts forecast that NexPoint Residential Trust will post $1.44 EPS for the current year.

NXRT has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $23.00 price objective on shares of NexPoint Residential Trust in a research report on Monday, August 15th. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Compass Point assumed coverage on shares of NexPoint Residential Trust in a research report on Friday, September 23rd. They issued a “buy” rating and a $24.00 price target on the stock.

In other news, Director Edward N. Constantino acquired 4,815 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was bought at an average cost of $20.77 per share, with a total value of $100,007.55. Following the completion of the purchase, the director now directly owns 12,175 shares of the company’s stock, valued at $252,874.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James D. Dondero acquired 7,600 shares of the company’s stock in a transaction on Friday, September 9th. The shares were purchased at an average cost of $19.74 per share, with a total value of $150,024.00. Following the completion of the purchase, the insider now directly owns 5,051 shares of the company’s stock, valued at $99,706.74. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in NexPoint Residential Trust by 3.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,380 shares of the company’s stock valued at $243,000 after buying an additional 380 shares during the last quarter. Morgan Stanley raised its position in NexPoint Residential Trust by 7.6% in the third quarter. Morgan Stanley now owns 151,800 shares of the company’s stock valued at $2,985,000 after buying an additional 10,671 shares during the last quarter. Northern Trust Corp raised its position in NexPoint Residential Trust by 1.1% in the third quarter. Northern Trust Corp now owns 182,034 shares of the company’s stock valued at $3,579,000 after buying an additional 2,057 shares during the last quarter. California State Teachers Retirement System raised its position in NexPoint Residential Trust by 1.1% in the third quarter. California State Teachers Retirement System now owns 38,064 shares of the company’s stock valued at $748,000 after buying an additional 400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in NexPoint Residential Trust by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 400,813 shares of the company’s stock valued at $7,880,000 after buying an additional 9,512 shares during the last quarter.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.

5 Day Chart for NASDAQ:NXRT

Receive News & Stock Ratings for NexPoint Residential Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust Inc and related stocks with our FREE daily email newsletter.