NexPoint Residential Trust (NYSE:NXRT) Upgraded at StockNews.com

StockNews.com upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Other research analysts have also recently issued reports about the company. JMP Securities lifted their price objective on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st. Compass Point upped their price objective on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Truist Financial upped their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.83.

NexPoint Residential Trust Price Performance

NXRT opened at $46.17 on Tuesday. The company’s 50-day simple moving average is $44.13 and its two-hundred day simple moving average is $41.76. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $1.17 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.53 and a beta of 1.37. 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 released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.51 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is 116.57%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Valley Wealth Managers Inc. bought a new position in shares of NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd purchased a new stake in NexPoint Residential Trust during the second quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. boosted its position in NexPoint Residential Trust by 34.7% during the 3rd 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 in the last quarter. Signaturefd LLC increased its holdings in shares of NexPoint Residential Trust by 238.4% in the 2nd 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 during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of NexPoint Residential Trust in the 3rd quarter worth $42,000. 76.61% of the stock is currently 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.