NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Recommendation of “Hold” by Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $46.20.

NXRT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted 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 report on Tuesday, September 10th. Raymond James raised shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research report on Friday, May 24th. Truist Financial boosted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Compass Point boosted their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, JMP Securities boosted their target price on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd.

NexPoint Residential Trust Stock Up 0.8 %

Shares of NexPoint Residential Trust stock opened at $45.90 on Monday. The firm’s 50 day moving average price is $43.74 and its 200-day moving average price is $37.60. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96. NexPoint Residential Trust has a 52-week low of $26.21 and a 52-week high of $48.37. The company has a market cap of $1.17 billion, a P/E ratio of 16.22, a PEG ratio of 1.36 and a beta of 1.38.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The firm had revenue of $64.24 million during the quarter, compared to analysts’ expectations of $64.99 million. During the same period in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.82 EPS for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 65.37%.

Insider Activity

In related news, insider Brian Mitts sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the transaction, the insider now directly owns 65,696 shares in the company, valued at approximately $2,588,422.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.96% of the company’s stock.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. Point72 DIFC Ltd acquired a new position in NexPoint Residential Trust during the second quarter worth $32,000. Signaturefd LLC raised its position in NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 732 shares during the period. Van ECK Associates Corp raised its position in NexPoint Residential Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 520 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in NexPoint Residential Trust by 40.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,107 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 900 shares during the period. Finally, Quest Partners LLC acquired a new position in NexPoint Residential Trust during the fourth quarter worth $140,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.