Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $49.00

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.00.

Several equities research analysts have recently commented on NXRT shares. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday.

NexPoint Residential Trust Trading Up 0.8 %

NYSE:NXRT opened at $39.60 on Friday. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year 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 fifty day moving average price of $43.75 and a two-hundred day moving average price of $43.55. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.25 and a beta of 1.42.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter in the prior year, the business earned $0.76 EPS. As a group, sell-side analysts anticipate that NexPoint Residential Trust will post 2.85 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.15%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 116.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Long Pond Capital LP purchased a new stake in shares of NexPoint Residential Trust during the second quarter worth about $24,273,000. Geode Capital Management LLC grew its stake in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after acquiring an additional 2,740 shares during the period. Dimensional Fund Advisors LP raised its holdings in NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after acquiring an additional 23,888 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after purchasing an additional 8,795 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in NexPoint Residential Trust by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after buying an additional 15,400 shares during the last quarter. 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.