NexPoint Residential Trust (NYSE:NXRT – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect NexPoint Residential Trust to post earnings of $0.84 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
NexPoint Residential Trust Stock Up 0.3 %
NXRT stock opened at $47.93 on Tuesday. NexPoint Residential Trust has a 12 month low of $38.67 and a 12 month high of $66.98. The firm has a market cap of $1.23 billion, a PE ratio of -149.78, a P/E/G ratio of 1.95 and a beta of 1.09. The firm has a 50 day simple moving average of $44.21 and a 200 day simple moving average of $44.79. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.09 and a quick ratio of 2.09.
NexPoint Residential Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a $0.42 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.51%. NexPoint Residential Trust’s payout ratio is presently -524.98%.
Wall Street Analyst Weigh In
Institutional Trading of NexPoint Residential Trust
Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in shares of NexPoint Residential Trust by 192.6% in the 1st quarter. Federated Hermes Inc. now owns 401,807 shares of the financial services provider’s stock valued at $36,287,000 after purchasing an additional 264,502 shares during the last quarter. BlackRock Inc. grew its holdings in shares of NexPoint Residential Trust by 4.2% in the 1st quarter. BlackRock Inc. now owns 4,381,659 shares of the financial services provider’s stock worth $191,347,000 after acquiring an additional 178,358 shares during the period. Millennium Management LLC grew its holdings in shares of NexPoint Residential Trust by 103.3% in the 4th quarter. Millennium Management LLC now owns 339,278 shares of the financial services provider’s stock worth $14,765,000 after acquiring an additional 172,386 shares during the period. State Street Corp grew its holdings in shares of NexPoint Residential Trust by 10.7% in the 1st quarter. State Street Corp now owns 1,364,076 shares of the financial services provider’s stock worth $123,190,000 after acquiring an additional 131,447 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of NexPoint Residential Trust by 34.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 402,035 shares of the financial services provider’s stock worth $17,497,000 after acquiring an additional 102,297 shares during the period. 78.84% of the stock is owned by institutional investors and hedge funds.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.
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