NexPoint Residential Trust, Inc. Announces Quarterly Dividend
NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.3125 per share, payable on September 30, 2020, to shareholders of record on September 15, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.3125 per share, payable on September 30, 2020, to shareholders of record on September 15, 2020. The company focuses on acquiring and operating middle-income multifamily properties, particularly in large cities across the Southeastern and Southwestern U.S. This dividend declaration reflects NXRT’s commitment to returning value to its investors amidst its strategy of enhancing its real estate portfolio.
Positive
- Quarterly dividend of $0.3125 per share announced.
- Dividend payment date set for September 30, 2020.
- Focus on acquiring multifamily properties with 'value-add' potential.
Negative
- None.
Details
News Market Reaction – NXRT
The recorded move for NXRT in the trading session of this news was +3.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Aug. 4, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors has declared a quarterly dividend of
About NexPoint Residential Trust, Inc.
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. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. More information about NXRT is available at http://www.nexpointliving.com.
Contact:
Jackie Graham
Investor Relations
JGraham@nexpointadvisors.com
972-628-4024
Media inquiries: MediaRelations@nexpointadvisors.com
View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301105304.html
SOURCE NexPoint Residential Trust, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.