NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.5%
NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.42 per share, payable on December 30, 2022, to shareholders of record on December 15, 2022.
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 $0.42 per share, payable on December 30, 2022, to shareholders of record on December 15, 2022. This dividend reflects a 10.5% increase from the previous quarter and marks a substantial 103.9% increase since its inception in 2015. The company continues to focus on acquiring and operating multifamily properties in prominent markets across the Southeastern and Southwestern United States.
Positive
- Quarterly dividend increased by 10.5% to $0.42 per share.
- Dividend growth of 103.9% since 2015 indicates strong financial performance.
Negative
- None.
Details
News Market Reaction – NXRT
The recorded move for NXRT in the trading session of this news was +12.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Oct. 25, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a 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. More information about NXRT is available at http://nxrt.nexpoint.com.
CONTACTS
Investor Relations
Kristen Thomas
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com
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SOURCE NexPoint Residential Trust, Inc.
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