NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $49.00.

A number of research firms have issued reports on NXRT. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 20th. Truist Financial upped their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, October 21st.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $42.34 on Wednesday. The firm’s 50 day simple moving average is $44.84 and its 200 day simple moving average is $43.30. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.69 and a beta of 1.40. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. During the same period in the prior year, the business posted $0.76 EPS. As a group, research analysts expect that NexPoint Residential Trust will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.82%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s payout ratio is presently 116.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXRT. Renaissance Technologies LLC increased its stake in shares of NexPoint Residential Trust by 10.5% in the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock valued at $6,389,000 after buying an additional 15,400 shares during the period. Jane Street Group LLC boosted its holdings in NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after acquiring an additional 35,741 shares during the last quarter. Long Pond Capital LP acquired a new stake in NexPoint Residential Trust during the 2nd quarter valued at approximately $24,273,000. Stifel Financial Corp raised its holdings in NexPoint Residential Trust by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock worth $2,405,000 after purchasing an additional 4,189 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in NexPoint Residential Trust by 23.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 1,393 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

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.