Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $46.33

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently 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 1-year target price among brokerages that have issued a report on the stock in the last year is $46.33.

NXRT has been the topic of several research analyst reports. Truist Financial raised their price objective on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Raymond James dropped their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Finally, Jefferies Financial Group boosted their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th.

Institutional Trading of NexPoint Residential Trust

A number of large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP grew its holdings in shares of NexPoint Residential Trust by 4.1% in the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 266 shares in the last quarter. Van ECK Associates Corp raised its holdings in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after buying an additional 336 shares during the period. Capital Square LLC lifted its stake in NexPoint Residential Trust by 2.9% during the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock valued at $493,000 after buying an additional 356 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after buying an additional 364 shares during the period. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Down 5.1 %

Shares of NYSE:NXRT opened at $38.61 on Friday. The firm has a market cap of $983.32 million, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. The company has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $42.14. 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 12-month low of $30.62 and a 12-month high of $48.37.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.51 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.28%. NexPoint Residential Trust’s payout ratio is currently -20,400.00%.

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.