NexPoint Residential raises quarterly dividend 10.3% to 51c per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
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Dividend Announcement: NexPoint Residential Trust's board approved a dividend of 51 cents per share, payable on December 31 to stockholders of record on December 13.
Increase in Dividend: This marks a 10.3% increase from the previous quarter and a significant 147.6% increase since the company's inception in 2015.
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Analyst Views on NXRT
Wall Street analysts forecast NXRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXRT is 40.83 USD with a low forecast of 38.00 USD and a high forecast of 42.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 29.970
Low
38.00
Averages
40.83
High
42.50
Current: 29.970
Low
38.00
Averages
40.83
High
42.50
About NXRT
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT). The Company is 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. 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. The Company may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NexPoint Announces Final 2025 Dividend Allocations
- Dividend Distribution Details: NexPoint Residential Trust announced its final dividend allocations for 2025, totaling $2.06 per share across four distributions, reflecting the company's stable cash flow and commitment to shareholder returns.
- Distribution Schedule: The dividend payments include three distributions of $0.51 per share and a final payment of $0.53 per share, scheduled for March, June, September, and December, ensuring regular income for shareholders.
- Tax Treatment Information: All distributions are classified as taxable ordinary income, indicating the company's transparency in compliance, which enhances investor confidence.
- Company Background: NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties primarily in large cities and suburban areas in the Southeastern and Southwestern United States, showcasing its strategic positioning and growth potential in the real estate market.
Continue Reading
NexPoint Announces Final 2025 Dividend Allocations
- Dividend Distribution Details: NexPoint Residential Trust announced its final dividend allocation for 2025, totaling $2.06 per share, reflecting the company's stable cash flow and profitability, which is expected to bolster investor confidence.
- Payment Schedule: The dividend distribution consists of four payments of $0.51 (March, June, September) and $0.53 (December), establishing a regular payout pattern that helps attract long-term investors and enhance shareholder returns.
- Tax Treatment Information: All distributions are classified as taxable ordinary income with no return of capital, indicating the company's commitment to transparency in its distribution policy, aligning with shareholder expectations.
- Company Background: NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties primarily in large cities and suburban areas in the Southeastern and Southwestern United States, showcasing its strategic positioning and growth potential in the real estate market.
Continue Reading