NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Tuesday, August 1st, Zacks reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.22 per share by the financial services provider on Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, September 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.21.

NexPoint Residential Trust has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NexPoint Residential Trust to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 53.7%.

Shares of NexPoint Residential Trust (NYSE NXRT) opened at 23.59 on Wednesday. The firm’s 50-day moving average price is $24.34 and its 200-day moving average price is $24.11. The firm has a market cap of $496.40 million, a PE ratio of 44.85 and a beta of 0.84. NexPoint Residential Trust has a one year low of $16.67 and a one year high of $24.42.

ILLEGAL ACTIVITY NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/13/nexpoint-residential-trust-inc-nxrt-to-issue-quarterly-dividend-of-0-22-on-september-29th.html.

Several research analysts have issued reports on the company. BidaskClub cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Janney Montgomery Scott assumed coverage on NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating on the stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

Dividend History for NexPoint Residential Trust (NYSE: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.