NexPoint Residential Trust Inc (NXRT) Declares Dividend Increase – $0.25 Per Share

NexPoint Residential Trust Inc (NASDAQ:NXRT) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.25 per share on Friday, December 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Thursday, December 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22.

NexPoint Residential Trust (NASDAQ:NXRT) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. NexPoint Residential Trust had a return on equity of 14.15% and a net margin of 28.18%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS.

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In related news, insider James D. Dondero bought 1,100 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was acquired at an average price of $23.37 per share, with a total value of $25,707.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James D. Dondero bought 2,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $23.30 per share, with a total value of $46,600.00. Following the purchase, the insider now directly owns 30,725 shares of the company’s stock, valued at $715,892.50. The disclosure for this purchase can be found here. Insiders have bought 58,600 shares of company stock valued at $1,413,125 in the last three months.

NXRT has been the subject of a number of research reports. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, July 5th. Canaccord Genuity set a $28.00 target price on shares of NexPoint Residential Trust and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a research note on Wednesday, August 2nd. BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, B. Riley FBR, Inc. boosted their target price on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.75.

About NexPoint Residential Trust

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 (NASDAQ:NXRT)

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