Shares of NexPoint Residential Trust Inc (NYSE:NXRT) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $43.25.
A number of research firms have issued reports on NXRT. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, May 7th. Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $41.00 to $44.00 in a research report on Friday, May 3rd. Finally, LADENBURG THALM/SH SH increased their target price on shares of NexPoint Residential Trust from $41.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, May 31st.
NexPoint Residential Trust stock traded up $1.60 during midday trading on Monday, reaching $41.40. The stock had a trading volume of 795,290 shares, compared to its average volume of 73,478. NexPoint Residential Trust has a twelve month low of $27.48 and a twelve month high of $41.91. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $941.00 million, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.43. The firm has a fifty day moving average of $40.34.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, April 30th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.63). NexPoint Residential Trust had a negative return on equity of 6.13% and a negative net margin of 10.49%. The company had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $41.83 million. As a group, research analysts predict that NexPoint Residential Trust will post 1.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a yield of 2.66%. NexPoint Residential Trust’s payout ratio is 58.51%.
A number of hedge funds have recently added to or reduced their stakes in NXRT. BlackRock Inc. raised its holdings in shares of NexPoint Residential Trust by 8.5% during the 4th quarter. BlackRock Inc. now owns 1,421,768 shares of the financial services provider’s stock valued at $49,833,000 after purchasing an additional 111,613 shares in the last quarter. Boston Partners raised its holdings in shares of NexPoint Residential Trust by 32.2% during the 4th quarter. Boston Partners now owns 372,510 shares of the financial services provider’s stock valued at $13,056,000 after purchasing an additional 90,770 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NexPoint Residential Trust by 11.6% during the 4th quarter. Northern Trust Corp now owns 248,753 shares of the financial services provider’s stock valued at $8,719,000 after purchasing an additional 25,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NexPoint Residential Trust by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 248,144 shares of the financial services provider’s stock valued at $8,697,000 after purchasing an additional 26,759 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of NexPoint Residential Trust during the 4th quarter valued at $8,232,000. Institutional investors own 67.21% of the company’s stock.
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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