Nexpoint Residential Tr Inc Stock Price, News & Analysis

NexPoint Residential Trust (NYSE: NXRT) has announced that the record date for stockholders entitled to vote at its 2021 Annual Meeting is April 5, 2021. The meeting will occur virtually on May 11, 2021, at 10:00 a.m. Central Time due to COVID-19 safety measures. Stockholders of record can participate and vote through an online platform. Additional details will be provided in the proxy materials. NXRT focuses on acquiring and operating middle-income multifamily properties, primarily in the Southeastern and Southwestern United States.

NexPoint Residential Trust (NYSE: NXRT) announced that Brian Mitts, CFO, Matt McGraner, CIO, and Bonner McDermett, VP, will virtually present at the Raymond James Institutional Investors Conference on March 1, 2021. Meeting materials will be available on NXRT's website that morning. NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties with value-add potential, primarily in the Southeastern and Southwestern United States. For more details, visit nxrt.nexpoint.com.

NexPoint Residential Trust, Inc. (NYSE: NXRT) has announced a quarterly dividend of $0.34125 per share, payable on March 31, 2021. Stockholders of record on March 15, 2021 will receive this dividend. NXRT focuses on acquiring and operating middle-income multifamily properties in key markets across the Southeastern and Southwestern United States, aiming for properties with value-add potential.

NexPoint Residential Trust (NYSE:NXRT) reported Q4 and full-year 2020 financial results. For the year, net income was $44.0M with FFO of $57.2M, marking increases from 2019. Same store properties saw revenue rise 3.6% and NOI increased 3.2%, despite a slight occupancy decline. The company acquired a 352-unit apartment community for about $84.5M. NXRT issued approximately 1.3M shares raising $59.5M via its ATM program. A dividend of $0.34125 per share was paid, a 9.2% increase from the previous quarter. Q4 net loss was $(4.2)M, despite total revenues of $50.5M.

NexPoint Residential Trust (NYSE: NXRT) has announced its final income allocations for the 2020 dividend distributions on common stock, totaling $1.2787 per share. Key dates include the ex-dividend date on 12/14/2020, record date on 12/15/2020, and payable date on 12/31/2020. The dividend distribution consists of $0.3413 per share, with $0.0675 classified as taxable ordinary income. The company advises shareholders to consult tax advisors regarding the implications of these dividends.

NexPoint Residential Trust (NXRT) is set to host a conference call on February 16, 2021, at 11:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. Interested parties can join the call by dialing 800-437-2398 (international callers: +1 323-289-6576) using passcode 7677037. A live audio webcast will also be available on the Company's website. The earnings press release will be issued before market open on the same day.

NexPoint Residential Trust (NXRT) announced that key executives will present at the Nareit's REITWorld: 2020 Investor Conference from November 17-19, 2020. Participants include Brian Mitts (CFO), Matthew McGraner (CIO), and Bonner McDermett (VP – Asset Management). Meeting materials will be available on NXRT's Investor Relations website on the morning of November 17. NXRT focuses on acquiring and operating middle-income multifamily properties with value-add potential, primarily in large cities of the Southeastern and Southwestern U.S.

NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a 9.2% increase in its quarterly dividend, declaring $0.34125 per share. The dividend is payable on December 31, 2020 to shareholders of record as of December 15, 2020. This decision reflects the board's confidence in the company's ongoing business strategy focused on acquiring and managing middle-income multifamily properties in the Southeastern and Southwestern United States. The increase in dividend aims to enhance shareholder income.

NexPoint Residential Trust (NYSE:NXRT) reported its Q3 2020 financials with notable changes. Net income totaled $29.6M, down from $119.1M in Q3 2019. Funds from Operations (FFO) increased to $17.2M, compared to $8.6M the previous year. Revenue rose to $51.0M, a 3.3% increase year-over-year. Average effective rent increased by 1.8%, while occupancy improved by 170 bps. NXRT declared a $0.34125 dividend, marking a 9.2% increase. However, the company highlighted uncertainties from the COVID-19 pandemic impacting future operations.