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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.00.

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

NexPoint Residential Trust Price Performance

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

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data 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 return on equity of 9.54% and a net margin of 17.54%. The firm had revenue of $64.10 million for the quarter, compared to analyst estimates of $64.69 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, research analysts forecast 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. Stockholders of record on Friday, December 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s payout ratio is presently 116.57%.

Institutional Trading of NexPoint Residential Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust during the 3rd quarter worth approximately $27,000. Point72 DIFC Ltd acquired a new stake in NexPoint Residential Trust during the second quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. increased its stake 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 worth $39,000 after acquiring an additional 232 shares during the period. Signaturefd LLC raised its holdings in 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 in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust during the 3rd quarter valued at $42,000. 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.