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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $44.25.

NXRT has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Compass Point reissued a “neutral” rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Raymond James downgraded shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of the company’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, the insider now directly owns 18,493 shares of the company’s stock, valued at $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.36% of the stock is currently owned by corporate insiders.

Institutional Trading of NexPoint Residential Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 stake in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 336 shares in the last quarter. Capital Square LLC raised its stake in NexPoint Residential Trust by 2.9% in the 4th quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 356 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in NexPoint Residential Trust by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after purchasing an additional 364 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in NexPoint Residential Trust by 2.0% in the 4th quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 4.0%

NexPoint Residential Trust stock opened at $34.58 on Friday. The company has a market cap of $874.46 million, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. NexPoint Residential Trust has a 1-year low of $30.98 and a 1-year high of $48.37. The company has a fifty day simple moving average of $36.94 and a 200 day simple moving average of $40.27. 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 (NYSE:NXRT) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $63.22 million during the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. Research analysts anticipate that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust’s dividend payout ratio is presently -159.37%.

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.