NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Rating of “Hold” from Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $46.20.

NXRT has been the subject of a number of analyst reports. Compass Point upped their price objective on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities upped their price objective on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Raymond James raised shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a report on Friday, May 24th. Finally, Truist Financial upped their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $45.90 on Monday. NexPoint Residential Trust has a 52-week low of $26.21 and a 52-week high of $48.37. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.36 and a beta of 1.38. The company has a fifty day simple moving average of $43.74 and a 200-day simple moving average of $37.60. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The business had revenue of $64.24 million for the quarter, compared to analysts’ expectations of $64.99 million. During the same period in the previous year, the company earned $0.88 EPS. On average, equities analysts anticipate that NexPoint Residential Trust will post 2.82 EPS for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.462 per share. This represents a $1.85 annualized dividend and a yield of 4.03%. The ex-dividend date is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 65.37%.

Insider Transactions at NexPoint Residential Trust

In other news, insider Brian Mitts sold 2,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $39.40, for a total transaction of $78,800.00. Following the sale, the insider now owns 65,696 shares of the company’s stock, valued at $2,588,422.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.96% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

Hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in shares of NexPoint Residential Trust during the second quarter worth about $32,000. Signaturefd LLC raised its holdings in NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 732 shares in the last quarter. Van ECK Associates Corp raised its holdings in NexPoint Residential Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 520 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in NexPoint Residential Trust by 40.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,107 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 900 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in NexPoint Residential Trust in the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 76.61% 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.