NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $49.00.

Several brokerages recently commented on NXRT. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Monday, January 6th. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, October 21st.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently bought and sold shares of the stock. Valley Wealth Managers Inc. bought a new position in shares of NexPoint Residential Trust during the 3rd quarter worth about $27,000. Point72 DIFC Ltd bought a new position in NexPoint Residential Trust in the second quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. grew its stake in NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust during the third quarter valued at approximately $42,000. Finally, Quest Partners LLC raised its position in shares of NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,048 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Down 3.4 %

Shares of NYSE NXRT opened at $37.39 on Friday. The stock has a market cap of $949.86 million, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.42. The firm has a 50 day moving average price of $44.06 and a two-hundred day moving average price of $43.54. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a 52-week low of $28.20 and a 52-week high of $48.37.

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

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s payout ratio is presently 116.57%.

About NexPoint Residential Trust

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.