NexPoint Residential Trust (NYSE:NXRT) Earns Hold Rating from Analysts at SunTrust Banks

SunTrust Banks began coverage on shares of NexPoint Residential Trust (NYSE:NXRT) in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $45.00 price target on the financial services provider’s stock.

Several other brokerages have also recently weighed in on NXRT. Raymond James boosted their price objective on NexPoint Residential Trust to $51.00 and gave the stock a strong-buy rating in a research note on Monday, August 19th. ValuEngine lowered NexPoint Residential Trust from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Robert W. Baird started coverage on NexPoint Residential Trust in a research report on Friday, September 20th. They set an outperform rating and a $50.00 target price for the company. Compass Point upgraded NexPoint Residential Trust from a neutral rating to a buy rating and set a $46.50 target price for the company in a research report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded NexPoint Residential Trust from a hold rating to a buy rating and set a $52.00 target price for the company in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. NexPoint Residential Trust currently has an average rating of Buy and an average price target of $47.07.

Shares of NYSE NXRT opened at $48.44 on Tuesday. The business’s 50 day moving average is $46.85 and its two-hundred day moving average is $42.12. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.12 and a quick ratio of 2.12. NexPoint Residential Trust has a 1-year low of $32.28 and a 1-year high of $49.36. The stock has a market capitalization of $1.15 billion, a P/E ratio of 24.02, a PEG ratio of 2.55 and a beta of 0.39.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.54). NexPoint Residential Trust had a negative return on equity of 6.07% and a negative net margin of 10.21%. The company had revenue of $43.07 million for the quarter, compared to the consensus estimate of $43.05 million. As a group, equities research analysts anticipate that NexPoint Residential Trust will post 1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.10 annualized dividend and a dividend yield of 2.27%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 58.51%.

In other NexPoint Residential Trust news, insider James D. Dondero bought 500,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average price of $41.19 per share, for a total transaction of $20,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.49% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Successful Portfolios LLC purchased a new stake in shares of NexPoint Residential Trust in the third quarter valued at approximately $223,000. Royal Bank of Canada boosted its holdings in shares of NexPoint Residential Trust by 35.5% in the second quarter. Royal Bank of Canada now owns 2,305 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 604 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of NexPoint Residential Trust by 31.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,924 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 703 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 29.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 62,054 shares of the financial services provider’s stock valued at $2,569,000 after purchasing an additional 14,238 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of NexPoint Residential Trust by 5.1% in the second quarter. United Services Automobile Association now owns 47,044 shares of the financial services provider’s stock valued at $1,948,000 after purchasing an additional 2,283 shares during the period. Hedge funds and other institutional investors own 72.09% 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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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