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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.83.

A number of research firms have recently weighed in on NXRT. Deutsche Bank Aktiengesellschaft increased their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Truist Financial lifted their price objective on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, October 21st. Finally, JMP Securities boosted 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 research report on Friday, August 2nd.

Institutional Trading of NexPoint Residential Trust

Hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its position in NexPoint Residential Trust by 11.2% during the 1st quarter. Sei Investments Co. now owns 27,921 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 2,803 shares during the period. Russell Investments Group Ltd. increased its stake in shares of NexPoint Residential Trust by 4.0% during the first quarter. Russell Investments Group Ltd. now owns 47,511 shares of the financial services provider’s stock valued at $1,529,000 after purchasing an additional 1,815 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of NexPoint Residential Trust by 53.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,860 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 3,420 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of NexPoint Residential Trust by 1.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 477 shares in the last quarter. Finally, BOKF NA grew its stake in shares of NexPoint Residential Trust by 3.1% in the 1st quarter. BOKF NA now owns 176,579 shares of the financial services provider’s stock worth $5,575,000 after buying an additional 5,248 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $47.48 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 27.13, a PEG ratio of 1.57 and a beta of 1.37. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. 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 50 day moving average price of $44.20 and a two-hundred day moving average price of $42.13.

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

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.30%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is presently 105.71%.

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.