NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares to Pay Quarterly Dividend of $0.53

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.53 per share by the financial services provider on Thursday, December 31st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Tuesday, December 15th.

NexPoint Residential Trust has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 3 years. NexPoint Residential Trust has a 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 research analysts expect NexPoint Residential Trust to earn $1.30 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 163.1%.

NexPoint Residential Trust Trading Down 2.6%

Shares of NXRT stock opened at $17.90 on Wednesday. The company has a 50 day moving average price of $21.14 and a 200-day moving average price of $26.12. NexPoint Residential Trust has a 52 week low of $17.67 and a 52 week high of $32.36.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, sell-side analysts anticipate that NexPoint Residential Trust will post 2.23 EPS for the current year.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.